BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who pays FICA Tax?
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only the employee
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only the employer
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both the employee and employer
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none
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Explanation:
Detailed explanation-1: -Individuals’ FICA contributions pay current benefits and build future ones that will be owed to them. FICA contributions are withheld from a wage earner’s gross pay; the amount withheld depends on gross wages. Employers match the FICA taxes paid by their employees. Wage earners cannot opt out of paying FICA taxes.
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