Solved

Which of the Following Statements Is/are True About Medicare Tax

Question 16

Multiple Choice

Which of the following statements is/are true about Medicare tax? (You may select more than one answer. )


A) All employee earnings less pre-tax deductions are subject to Medicare tax.
B) Employers match all Medicare taxes withheld.
C) The Medicare tax rate is 1.45%.
D) Additional Medicare tax is withheld for employees who earn more than $150,000 annually.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions