Both Employer and Employee Contribute to FICA-OASDI and SUTA Tax

question 26

True/False

Both employer and employee contribute to FICA-OASDI and SUTA tax.

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Definitions:

Dividend

A portion of a company's earnings distributed to its shareholders.

Capital Loss Carryforward

The process of applying net capital losses to future tax years to reduce taxable income, subject to limitations.

Net Capital Loss

The result when the total capital losses from investments exceed the total capital gains in a tax year.

Net Capital Gain

The profit from the sale of an asset or investment, subtracted by any losses from sales in the same tax year.