What does seca stand for?
Understand the Problem
The question is asking for the meaning of the acronym 'seca'. This may require looking up the possible definitions or organizations that use this acronym.
Answer
Self-Employed Contributions Act
The final answer is Self-Employed Contributions Act
Answer for screen readers
The final answer is Self-Employed Contributions Act
More Information
The Self-Employed Contributions Act (SECA) mandates that self-employed individuals pay both the employee and employer portions of Social Security and Medicare taxes.
Sources
- The Self-Employed Contributions Act (SECA) Tax: Overview and FAQs - investopedia.com
- Self-Employed Contributions Act - faq.ssa.gov
- What is the Difference Between FICA and SECA? - clergyfinancial.com
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