FICA taxes include: 1) Employee federal income tax. 2) Charitable giving. 3) Soc
ID: 2479726 • Letter: F
Question
FICA taxes include: 1) Employee federal income tax. 2) Charitable giving. 3) Social Security and Medicare taxes. 4) Employee state income tax. 5) Federal and state unemployment taxes. FICA taxes include: 1) Employee federal income tax. 2) Charitable giving. 3) Social Security and Medicare taxes. 4) Employee state income tax. 5) Federal and state unemployment taxes. FICA taxes include: 1) Employee federal income tax. 2) Charitable giving. 3) Social Security and Medicare taxes. 4) Employee state income tax. 5) Federal and state unemployment taxes.Explanation / Answer
FICA (Federal Insurance Contributions Act ) is a Payroll tax that is applicable for employer and employee both. The Act requires for a contribution from both employer and employee towards the funding of Social Security and Medicare taxes.
Hence the correct answer shall be :
FICA taxes include :
3) Social Security and Medicare taxes.
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