FICA definition
Examples of FICA in a sentence
Borrower has filed or caused to be filed all federal, state and local income, excise, property and other Tax returns that are required to be filed with respect to the operations of Borrower, all such Tax returns are true and correct and Borrower has paid or caused to be paid all Taxes shown on those Tax returns or on any assessment, to the extent that those taxes have become due, including all FICA payments and withholding Taxes, if appropriate.
Contractor and Company agree that because Contractor is an independent contractor and not an employee of Company, Company will not withhold any sums payable under this Agreement in order to pay Federal or state taxes or F.I.C.A. payment obligations with respect to fees paid to Contractor under this Agreement, all of which obligations shall be the sole responsibility of Contractor.