Which of the following is true about Social Security and Medicare taxes, as they pertain to earnings

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Which of the following is true about Social Security and Medicare taxes, as they pertain to earnings limits? (Select all that apply)

A. Social Security tax applies to all earnings, regardless of year-to-date amounts.

B. Employees who earn more than $200,000 annuaLly are subject to additionaL Medicare tax withholding.

C. Once an employee’s year-to-date earnings exceed the wage base, no additional Social Security tax is withheld.

D. Employers contribute equally on all Social Security and Medicare taxes.

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Payroll Accounting 2017

ISBN: 978-1259572180

3rd edition

Authors: Jeanette Landin, Paulette Schirmer

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Question Posted: Nov 22, 2018 09:19 AM

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Which of the following is true about Social Security and Medicare taxes, as they pertain to earnings

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B Employees who earn more than 200000 an...View the full answer

Payroll Accounting 2017

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