 In this presentation, we will discuss the Federal Income Contributions Act or FICA. FICA is going to be a big component and something that we will return to when we do the payroll calculations and the recording of the payroll journal entries. FICA is another law that happened in the 1930s during the Great Depression and we had a lot of legislation aimed at making things better or a lot of different aims. But in this case, we've got the Social Security Act and the Social Security Act or the Federal Income Contribution Act, otherwise known as FICA, can also be confusing because it really has two major components to it. So when we think of FICA, we're thinking of the one component, old age survivors and disabilities insurance or OASDI and Medicare. So keep that in mind. Whenever you see the term FICA, a lot of times people will apply it to one or the other, typically