Multiple Choice
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.
Correct Answer:
Verified
Correct Answer:
Verified
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