Multiple Choice
In describing FICA taxes, which (if any) of the following statements is incorrect?
A) The base amounts for 2020 probably will increase from the 2019 amounts.
B) The base amounts for the Social Security and Medicare portions are the same.
C) If both spouses work, excess FICA taxes need not result.
D) Excess FICA taxes can be claimed as an income tax credit.
Correct Answer:
Verified
Correct Answer:
Verified
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