Which of the Following Statements Regarding FICA Taxes Is True

question 179

Multiple Choice

Which of the following statements regarding FICA taxes is true?

• A)Low-income employees are not required to pay FICA taxes.
• B)An employee who has two different employers during the year may be entitled to a tax credit for overpaid FICA taxes.
• C)The maximum amount of Medicare taxes an employee is required to pay is capped each year but the maximum amount of Social Security taxes is not.
• D)The wage base limit for Social Security taxes depends on the taxpayer's filing status.

---

Definitions:

Type of Defense

Strategies or legal defenses used in legal proceedings by the accused to defend against charges.

Shooting Accuracy

The precision and reliability with which a shooter can hit a target.

3-point Shots

3-point shots are basketball field goals made from beyond the three-point line, a designated arc surrounding the basket, scoring three points for the shooting team if successful.

Response Variable

The variable that is measured or observed in an experiment or study to assess the effect of the treatment or condition.