The highest paid executives of a firm are excluded from coverage under the Federal Insurance Contributions Act (FICA).

Name: The highest paid executives of a firm are excluded from coverage under the Federal Insurance Contributions Act (FICA).
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FICA taxes, which fund Social Security and Medicare, apply to all employees' wages up to a certain limit for Social Security, but there is no income limit for Medicare taxes. This includes the highest paid executives.

The Highest Paid Executives of a Firm Are Excluded from Coverage