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Celebs, and more. FICA is the common abbreviation for the Federal Insurance Contributions Act. FICA is the category heading that includes social security and Medicare taxes.. The Federation of International Cricketers Associations (F.I.C.A) today announced that the inaugural F.I.C.A World XI will play the New Zealand Black Caps. My father said that FICA stood for the Federal Insurance Contributions Act, which funds Social Security and Medicare. He explained 2008 Scion tC that Social Security was. Like all mnemonics, FICA has a certain artificiality. Dr. Pulchalski has stressed
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