FICA Taxes Include Two Components These Consist of

question 120

Multiple Choice

FICA taxes include two components these consist of

• A)old age-disability and health insurance.
• B)unemployment compensation and disability insurance.
• C)old age and unemployment compensation insurance.
• D)accident and disability insurance.

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Definitions:

Non-Profit Charity

An organization dedicated to furthering a particular social cause or advocating for a shared point of view, without profit as its primary motive.

Commission

A fee or percentage of a transaction paid to an agent for facilitating or conducting a sale or service.

Misapplication

The improper or dishonest use of funds, resources, or assets for purposes other than those intended.

Trust Funds

A financial arrangement where assets are held and managed by one party for the benefit of another.