Which of the Following Statements Is True Regarding Excess Social

question 37

Multiple Choice

Which of the following statements is true regarding excess Social Security contributions by an employer?

• A)Excess contributions are treated as additional income tax withholding payments.
• B)A second employer can stop withholding once an employee's total contributions reach the Social Security wage base.
• C)The Treasury returns excess Social Security Withholding to employers.
• D)Excess contributions are treated as voluntary contributions to the Treasury.Excess payments are treated as additional voluntary contributions to the Treasury.

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Definitions:

Morphemes

The smallest grammatical unit in a language. A morpheme cannot be further divided and still retain meaning.

Algorithms

A set of rules or a step-by-step procedure for solving a problem or completing a task, often used by computers.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making or problem-solving processes, often at the cost of accuracy or completeness.

Logarithms

Mathematical operations that are the inverse of exponentiation, determining the power to which a base must be raised to obtain a particular number.