The history of the Affordable Care Act â The Patient Protection and Affordable Care Act was signed into law by President Obama on March 23, 2010. It is more commonly known as the Affordable Care Act (or ACA) â and itâs most commonly referred to by its nickname, Obamacare.
Federal Insurance Contributions Act (FICA) tax /ËfaÉªkÉ/ is a United States federal payroll (or employment) tax imposed on both employees and employers to fund Social Security and Medicare âfederal programs that provide benefits for retirees, the disabled, and children of deceased workers.
Exemption Persons meeting certain criteria may be exempt for taxes, or tax withholding from paycheck. FICA (Federal Insurance Contribution Act) FICA-OASDI and FICA-Medicare are mandatory taxes based on the Federal Insurance Contribution Act.