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Chapter 23. Social Security and Medicare > So How Much Is It? - Pg. 239

Social Security and Medicare 239 Terms to Know The FICA on your pay stub stands for the Federal Insurance Contributions Act, the law that authorized Social Security. Number, Please! Everyone needs a Social Security number. If you want to claim your newborn child as a deduction on your 1040, you better have a number for him or her. Hospitals are helping new parents apply as soon as a child is born. For What It's Worth