Both employers and employees pay Social Security (FICA) on wage income. While the burden of this tax

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Both employers and employees pay Social Security (FICA) on wage income. While the burden of this tax is designed to be borne equally by employers and employees, is a straight 50/50 sharing of the FICA tax burden likely? Explain.

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Managerial Economics

ISBN: 978-0324588866

12th edition

Authors: Mark Hirschey

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Question Posted: Feb 13, 2015 09:53 AM

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Both employers and employees pay Social Security (FICA) on wage income. While the burden of this tax

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No Social security FICA taxes were designed so that employers and employees would share the burden o...View the full answer

Managerial Economics

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