Which of the following is true regarding FICA taxes?

Are you having trouble answering the question “Which of the following is true regarding FICA taxes?”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

Which of the following is true regarding FICA taxes?

A) FICA taxes are paid only by the employee.

B) FICA taxes are paid only by the employer.

C) FICA taxes are paid in equal amounts by the employee and the employer.

D) FICA taxes are paid in different amounts by the employee and the employer.

Answer: C

We hope you have got the correct answer to your question “Which of the following is true regarding FICA taxes?”, which was part of Accounting MCQs & Answers. Thanks for choosing us.

Leave a Reply 0

Your email address will not be published. Required fields are marked *