Which of the following is true about Social Security and Medicare tax deductions? a. They are applied

Question:

Which of the following is true about Social Security and Medicare tax deductions?
a. They are applied to the gross pay.
b. Contributions to a 401(k) plan are exempt from these taxes.
c. Medicare taxes apply to all earnings at the same rate.
d. Certain pre-tax deductions are exempt from Social Security and Medicare tax computations.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Payroll Accounting 2023

ISBN: 9781264415618

9th Edition

Authors: Jeanette M. Landin, Paulette Schirmer

Question Posted: