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What is another word for FICA tax?

Pronunciation: [fˈiːkə tˈaks] (IPA)

FICA tax is a term that refers to the Federal Insurance Contributions Act tax, which is a payroll tax that is imposed on both employees and employers to fund specific programs such as Social Security, Medicare, and disability insurance. However, there are a few synonyms for the word FICA tax, which is commonly used in the United States. Some of the synonymous terms are Federal Insurance Contributions Act, Social Security tax, payroll tax, and self-employment tax. These synonyms are used interchangeably to describe this tax, which is essential in ensuring that social security and medical insurance programs are adequately funded to support citizens' welfare.
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Synonyms for Fica tax:

What are the hypernyms for Fica tax?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the opposite words for FICA tax?

FICA tax, also known as Federal Insurance Contributions Act tax, is a type of payroll tax that funds Social Security and Medicare programs in the United States. Antonyms for this term could include reducing taxes, decreasing deductions, or eliminating mandatory contributions. Many individuals and businesses may view FICA tax as a burden, as it reduces their take-home pay and increases their costs of doing business. However, FICA tax plays an important role in ensuring that Americans have access to necessary benefits during retirement and when they need medical care. Ultimately, finding effective alternatives to FICA tax will require a balance between fiscal responsibility and social welfare.

What are the antonyms for Fica tax?

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