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    WHAT ARE FICA, FIT, SS TAXES

    0  Views: 343 Answers: 1 Posted: 13 years ago

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    FICA stands for "Federal Insurance Contributions Act"; FICA refers to Taxes paid for social security and Medicare.
    FIT stands for "federal income taxes". It refers to taxes paid in respect to one's income.
    SS stands for social security. It also refers to a cut out of incomes.



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