contestada

All of the following statements regarding FICA taxes are true except:_________.
a. FICA taxes are deducted from the employee.
b. Employers must pay withheld FICA taxes to the IRS.
c. The amount of FICA deducted from the employee is credited to a liability account.
d. A self-employed person is exempt from FICA taxes.
e. An employer must pay FICA taxes equal to the amount withheld from the employee.

Respuesta :

Answer: d. A self-employed person is exempt from FICA taxes

Explanation:

The Federal Insurance Contributions Act is a federal payroll contribution in the United States that is paid by every employers and employees and employers in order to fund Medicare and the Social Security.

All of the following statements regarding FICA taxes are true except self-employed person is exempt from FICA taxes.

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