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FICA Taxes › Hurricane Sandy

Federal Insurance Contribution Act (FICA) Taxes are United States federal payroll taxes levied to fund the Social Security and Medicare system. FICA Taxes burdens are divided between employers and employees and... more +
Federal Insurance Contribution Act (FICA) Taxes are United States federal payroll taxes levied to fund the Social Security and Medicare system. FICA Taxes burdens are divided between employers and employees and are currently set at 12.4% for Social Security and 2.9% for Medicare. less -
Morgan Lewis

IRS Guidance Encourages Leave Donation Programs for Hurricane Sandy Victims

Morgan Lewis on

Employers wishing to provide disaster relief assistance have several tax-relief provisions available to them. In the wake of Hurricane Sandy and the resulting destruction and devastation to the East Coast, many...more

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