The rate for the Social Security portion of FICA taxes for a non-self-employed individual is: a. 12.4

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The rate for the Social Security portion of FICA taxes for a non-self-employed individual is:

a. 12.4 percent for the employer.

b. 15.3 percent for the employee.

c. 7.65 percent total for the employee and employer.

d. 6.2 percent each for the employee and employer up to the FICA cap amount.

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Income Tax Fundamentals 2023

ISBN: 9780357719527

41st Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Question Posted: Feb 28, 2023 06:56 AM

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The rate for the Social Security portion of FICA taxes for a non-self-employed individual is: a. 12.4

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Income Tax Fundamentals 2023

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