BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Medicare Tax
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Social Security Tax
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Withholding
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None of the above
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Detailed explanation-1: -Medicare is a federal program that provides health coverage if you are 65+ or under 65 and have a disability, no matter your income. Medicaid is a state and federal program that provides health coverage if you have a very low income.
Detailed explanation-2: -Medicare is a Federal health insurance option for people aged 65 or older, citizens under 65 with specific disabilities, and people of any age with end-stage Renal diseases (ESRD).
Detailed explanation-3: -Medicaid is a joint federal and state program that helps cover medical costs for some people with limited income and resources.
Detailed explanation-4: -(mɛdɪkɛər) noun. (Insurance: Medical insurance) Medicare is the federal government plan in the U.S. for paying certain hospital and medical expenses for elderly persons qualifying under the plan. Medicare covers a small fraction of long-term care and it is limited to skilled nursing care.