Although Lawmakers Legislated a Fifty-Fifty Division in the Payment of the FICA

question 121

Multiple Choice

Although lawmakers legislated a fifty-fifty division in the payment of the FICA tax,

• A)the same outcome, in terms of tax incidence, would occur even if the entire tax had been levied on only the workers or only on the firms.
• B)the employer now is required by law to pay more than 50 percent of the tax.
• C)the employee now is required by law to pay more than 50 percent of the tax.
• D)employers are no longer required by law to pay any portion of the tax.

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Definitions:

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Termination

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