Which of the Following Statements About Payroll Taxes Is False

question 111

Multiple Choice

Which of the following statements about payroll taxes is false?

• A) They provide funds for Social Security.
• B) They include Medicare taxes.
• C) Both employers and employees pay these taxes.
• D) They are lump-sum taxes not based on wages/salaries.

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Definitions:

Annual Precipitation

The total amount of rain, snow, sleet, or hail that falls in a geographic area over a year.

Drought

A prolonged period of abnormally low rainfall, leading to a shortage of water and affecting crops, livestock, and human populations.

Grasslands

Ecosystems characterized by large open areas of grasses, important for grazing animals and maintaining biodiversity.

Overgrazing

Overgrazing occurs when plants are exposed to intensive grazing for extended periods, leading to land degradation, reduced ground cover, and a decrease in soil fertility.