BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Taxes for Social Security and Medicare are a part of ____ ?
|
|
FDIC
|
|
|
SIPC
|
|
|
IRS
|
|
|
FICA
|
Explanation:
Detailed explanation-1: -Taxes under the Federal Insurance Contributions Act (FICA) are composed of the old-age, survivors, and disability insurance taxes, also known as social security taxes, and the hospital insurance tax, also known as Medicare taxes. Different rates apply for these taxes.
There is 1 question to complete.