BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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FICA tax is broken down into what 2 categories?
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SS and Medicaid
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SS and Medicare
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Medicare and Payroll
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None of the above
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Explanation:
Detailed explanation-1: -The total tax rate is 15.3%, broken down into two parts: 12.4% to Social Security. 2.9% to Medicare.
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