What two taxes are components of the FICA tax? What programs do they fund?

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Fundamental financial accounting concepts

ISBN: 978-0078025365

8th edition

Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward

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Question Posted: Oct 26, 2013 07:15 AM

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For 2018, the Social Security portion of the FICA tax is imposed at a rate of: A. 6.2% for the employee and 7.65% for the employer. B.6.2% for only the employer. C.6.2% for only the employee. D.6.2%...
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What two taxes are components of the FICA tax? What programs do they fund?

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The two components of the FICA tax are The Social Securi...View the full answer

Fundamental financial accounting concepts

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