Which of the Following Statements Is Not True Regarding FICA

question 8

Multiple Choice

Which of the following statements is not true regarding FICA taxes paid?

• A) These taxes fund both Social Security and Medicare.
• B) Employers are required to match employee FICA contributions.
• C) All FICA taxes apply to your total income.
• D) There is a limit on how much of your income will be taxed for Social Security.

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Definitions:

Major Opportunities

Significant chances or openings that arise and can lead to growth, improvement, or competitive advantage if seized effectively.

Sustainable Competitive Advantage

is an enduring edge over competitors, achieved through unique resources or capabilities that are difficult for rivals to imitate.

Strategy Drives

The principle that strategic planning and decision-making guide the direction and actions of an organization.

Inside Directors

Board members who are also part of the company's management team, involved in the day-to-day operations of the business.