1. All of the following statements regarding FICA taxes aretrue except : a. FICA taxes are deducted...
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Question:
1. All of the following statements regarding FICA taxes aretrue except:
a. FICA taxes are deducted from theemployee. | |
b. Employers must pay withheld FICAtaxes to the IRS. | |
c. The amount of FICA deducted fromthe employee is credited to a liability account. | |
d. A self-employed person is exemptfrom FICA taxes. | |
e. An employer must pay FICA taxesequal to the amount withheld from the employee. |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: