In Determining Whether an Employee's Accumulated Earnings Have Reached the Maximum

question 32

True/False

In determining whether an employee's accumulated earnings have reached the maximum amount subject to FICA tax deductions, the employer must use the calendar year, even if the business operates on a fiscal year ending June 30.

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Definitions:

Evidence

Information or facts presented in support of an assertion, claim, or case.

Credibility

The quality of being trusted and believed in based on a record of integrity and reliability.

Jargon

Specialized language used by a particular group or profession that may be difficult for outsiders to understand.

Objective Evidence

Information that is factual, measurable, and observable, thus free from personal feelings or subjective interpretation.