Which of the Following Statements Regarding the Tax Levied Under

question 5

Multiple Choice

Which of the following statements regarding the tax levied under the Federal Insurance Contributions Act (FICA) is true?

• A) It is also known more commonly as property tax.
• B) It is paid equally by employer and employee.
• C) It is not applicable to self-employed persons.
• D) It applies only to the first $100,000 of an employee's earnings.
• E) It is used to provide insurance against theft.

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Definitions:

Beneficence

An ethical principle that involves acting in the best interest of others by promoting their well-being.

Double Effect

A principle in ethics that allows actions which have both a positive effect and a harmful side effect, if the action itself is morally good or neutral, the good effect is intended, and the good outweighs the bad.

Perfect Duty

A moral obligation that must always be followed without exception.

Beneficence

The ethical principle of acting to benefit others, promoting their well-being.