Which of the Following Statements Regarding FICA Taxes Is True

question 30

Multiple Choice

Which of the following statements regarding FICA taxes is true?

• A) An employee who has two different employers during the year may be entitled to a tax credit for overpaid FICA taxes.
• B) The maximum amount of Medicare taxes an employee is required to pay is capped each year but the maximum amount of Social Security taxes is not.
• C) The wage base limit for Social Security taxes depends on the taxpayer's filing status.
• D) Low income employees are not required to pay FICA taxes.

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