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FICA = social security taxes. FICO is your credit score. There is no way to tell how many points your score will go down. With a low of 529 your score may tumble less than someone with a much higher score pre-bankruptcy.

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โˆ™ 2006-03-04 17:53:02
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Q: How many points will a chapter 7 bankruptcy reduce your FICA of 529?
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The fica is taken out of your paychecks and added to the Social Security fund.


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When do you stop paying FICA for the year?

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You do not calculate FICA tax by asking Answers.com. You calculate the FiCA tax by going to the Internal Revenue Web Site and looking at the information on their form. Then you plug your numbers into their formula.


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What does fica stand for?

Federal Insurance Contribution Act The word FICA stands for "Federal Insurance Contributions Act."