BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What is the purpose of a FICA tax?
|
|
It provides health insurance for people who are retired or disabled.
|
|
|
It helps the state government finance education projects.
|
|
|
It helps local councils finance development projects.
|
Explanation:
Detailed explanation-1: -FICA helps fund both Social Security and Medicare programs, which provide benefits for retirees, the disabled, and children.
There is 1 question to complete.