In Describing FICA Taxes,which (If Any)of the Following Statements Is

question 19

Multiple Choice

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

• A)The base amounts for 2011 probably will increase from the 2010 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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Definitions:

Nurture

The influence of external factors like environment, education, and experience on one's behavior and development.

Biological Influences

refer to the genetic and physiological factors that affect an individual's behavior, development, and health.

Sensory Experience

The perception of stimuli through the senses such as sight, smell, sound, touch, and taste.

Plato

An ancient Greek philosopher who made foundational contributions to Western philosophy, including topics on ethics, politics, and metaphysics.