All of the Following Statements Regarding FICA Taxes Are True

question 146

Multiple Choice

All of the following statements regarding FICA taxes are true except:

• A)FICA taxes are deducted from the employee.
• B)Employers must pay withheld FICA taxes to the IRS.
• C)The amount of FICA deducted from the employee is credited to a liability account.
• D)A self-employed person is exempt from FICA taxes.
• E)An employer must pay FICA taxes equal to the amount withheld from the employee.

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