Which of the following statements about the FICA tax is true? a. the income amount subject to
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Question:
Which of the following statements about the FICA tax is true?
a. the income amount subject to the social security portion of FICA tax has increased over the years
b. self-employed individuals pay a lower FICA tax rate
c. the FICA tax is composed of 2 parts, Social Security & Unemployment
D. the maximum wage base for the 1.45% Medicare portion of FICA is unlimited
Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
Posted Date: