In Describing FICA Taxes, Which (If Any) of the Following

question 83

Multiple Choice

In describing FICA taxes, which (if any) of the following statements is incorrect?

• A)The base amounts for 2013 probably will increase from the 2012 amounts.
• B)The base amounts for the Social Security and Medicare portions are the same.
• C)If both spouses work, excess FICA taxes need not result.
• D)Excess FICA taxes can be claimed as an income tax credit.
• E)None of the above.

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Pay To The Order Of

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14th Century

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