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:

Medical Degree

An academic degree awarded to individuals who have completed studies in the field of medicine, qualifying them to practice as a physician or surgeon.

Psychiatric Medical Residency Certificate

A document evidencing completion of a specialized training program for physicians in the field of psychiatry.

Psychoanalysis Training Certificate

A certification indicating completion of specialized training in psychoanalysis, a therapeutic approach that explores unconscious motivations and conflicts.

Affect

A term in psychology referring to the experience of feeling or emotion, which can influence an individual's perception and behavior.