Question

what is the porpose
of FICA tax?
: A. It provides health insurance for people who are retired or disabled.
B. It helps the state government finance education projects.
C. It helps local councils finance development projects

Answer 1

Federal Insurance Contributions Act (FICA) tax ( /ˈfaɪkə/) is a United States payroll (or employment) tax[1] imposed by the federal government on both employees and employers to fund Social Security and Medicare[2] —federal programs that provide benefits for retirees, the disabled, and children of deceased workers. Social Security benefits include old-age, survivors, and disability insurance (OASDI); Medicare provides hospital insurance benefits for the elderly. The amount that one pays in payroll taxes throughout one's working career is associated indirectly with the social security benefits annuity that one receives as a retiree.[citation needed] This has caused some to claim that the payroll tax is not a tax because its collection is tied to a benefit.[3] The United States Supreme Court decided in Flemming v. Nestor (1960) that no one has an accrued property right to benefits from Social Security.

Answer 2

I just copied and pasted it from google or something, maybe wikipedia

Answer 3

http://en.wikipedia.org/wiki/Federal_Insurance_Contributions_Act_tax
here is the link