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Mark the correct answer. FICA taxes are:
A. Paid by the employee and by the employer.
B. 7.65 percent of earned income up to $150,000.
C. Not subject to cost of living adjustments each year.
D. 7.65 percent of all earned income with no limitations.

Respuesta :

TomShelby

Answer:

A. Paid by the employee and by the employer.

Explanation:

The FICA taxes which are Medicare and Social Security are determinate each year. There is a celling for Social Security at which the employee nor the employee stop paying taxes

while the Medicare has a bracket after a certain income from wages at which, increases

Both, the celling and increase in Medicare rate are determinate for each year. and must be paid by both the employee and employer

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