Ask Question
14 May, 12:02

A characteristic of FICA is that:

A. None of these.

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 does not apply when one spouse works for the other spouse.

E. It is administered by both state and Federal government.

+2
Answers (1)
  1. 14 May, 15:48
    0
    The correct answer is letter "A": None of these.

    Explanation:

    The Federal Insurance Contributions Act (FICA) is a U. S. law that requires a paycheck deduction to be paid to Social Security and Medicare. Employers and employees share half the payments. Self-employed people are responsible for the entire tax amount.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A characteristic of FICA is that: A. None of these. B. It is imposed only on the employer. C. It provides a modest source of income in the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers