BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Employers must make matching contributions to
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income taxes.
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unemployment taxes.
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FICA (Social Security and Medicare) taxes.
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all of the options
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Explanation:
Detailed explanation-1: -The current FICA tax rate is 7.65% of your employees’ incomes, plus an employer match of 7.65%. This tax is broken up into 6.2% for Social Security and 1.45% for Medicare. The combined contribution, including the tax on your employees’ incomes and the amount you have to match, is 15.3%.
There is 1 question to complete.