Mark the correct answer. FICA taxes are: A. Paid by the employee and by the empl

Question

Mark the correct answer. FICA taxes are: A. Paid by the employee and by the employer. B. 7.65 percent of earned income up to $150,000. C. Not subject to cost of living adjustments each year. D. 7.65 percent of all earned income with no limitations. Mark the correct answer. FICA taxes are: A. Paid by the employee and by the employer. B. 7.65 percent of earned income up to $150,000. C. Not subject to cost of living adjustments each year. D. 7.65 percent of all earned income with no limitations. A. Paid by the employee and by the employer. B. 7.65 percent of earned income up to $150,000. C. Not subject to cost of living adjustments each year. D. 7.65 percent of all earned income with no limitations.

Explanation / Answer

A.Paid by the employee and by the employer.

FICA taxes are paid by both employee and employer.

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