A Characteristic of FICA Is That

question 15

Multiple Choice

A characteristic of FICA is that:

• A)It does not apply when one spouse works for the other spouse.
• B)It is imposed only on the employer.
• C)It provides a modest source of income in the event of loss of employment.
• D)It is administered by both state and Federal governments.
• E)None of these.

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Definitions:

Hospitalization

The act of admitting a patient to a hospital for medical care, observation, or treatment.

Income

Money or equivalent value received, usually in exchange for labor or services, from investments, or as transfers like gifts and benefits.

Acceptable Range

A set of values or conditions deemed satisfactory or within an acceptable limit, often used in the context of quality control or standardization.

Diabetes

A chronic condition characterized by high levels of sugar in the blood due to insulin production or function issues.