Multiple Choice
Mr.Marshall was employed by IMP Inc.until October,when he accepted a new position with Turine Inc.Mr.Marshall earned $129,000 compensation from IMP and $36,000 compensation from Turine.Which of the following statements is false?
A) Turine must withhold Social Security tax from Mr.Marshall's $36,000 compensation.
B) Turine must withhold Medicare tax from Mr.Marshall's $36,000 compensation.
C) Mr.Marshall is entitled to an income tax credit for excess Social Security tax withheld by his employers this year.
D) None of the above is false.
Correct Answer:
Verified
Correct Answer:
Verified
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