State of Texas – Fiscal Management

Manual of Accounts

Expenditure Object 7043 – F.I.C.A. Employer Matching Contributions
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Object Type: Cash — Benefits
Reference:
Issue Date:
Revised Date: 1993-09-01

Description


To record payments of the matching portion of O.A.S.I. tax levied on an employer (state agencies).


Notes


Effective 4-1-87, all state agencies became responsible for paying IRS directly for O.A.S.I. for their employees. Prior to this date, Employees Retirement System, Agency 327, collected taxes from all state agencies and disbursed the money to the United States Treasury.


USAS Values


Appropriation Year 25
USAS Title FICA EMPLOYER MATCHING CONTR
Object Group 40 – Payroll
USAS Status A
Rev/Exp Category 02 – EMPLOYEE BENEFITS



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