MANAGEMENT

BUISENESS MANAGEMENT

TAXES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
FICA taxes are
A
Social Security and Medicare
B
Medicare.
C
Social Security.
D
U.S. federal payroll taxes imposed on employers only to fund Social Security and Medicare
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.

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