If the Employee Has $700 Withheld from Their Check for FICA-OASDI

question 53

Multiple Choice

If the employee has $700 withheld from their check for FICA-OASDI, what is the amount that the employer would need to pay?

• A) $700
• B) $190
• C) $0
• D) $510

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Definitions:

Auction Markets

Markets where buyers bid for products or services, with the highest bidder winning the item, such as stock exchanges.

TSX

The Toronto Stock Exchange, which is the largest stock exchange in Canada and the ninth largest in the world by market capitalization.

NASDAQ

A global electronic marketplace for buying and selling securities, as well as the benchmark index for U.S. technology stocks.

Over-The-Counter Market

A decentralized market where securities not listed on major stock exchanges are traded directly between parties.