The tax that is paid equally by the employer and employee is the
A) federal income tax.
B) federal unemployment tax.
C) state unemployment tax.
D) FICA tax.

Question

Quizplus · Accepted Answer

The FICA (Federal Insurance Contributions Act) tax is a payroll tax paid by both the employer and employee. It includes the Social Security tax and the Medicare tax, and is used to fund these programs. Federal income tax, federal unemployment tax, and state unemployment tax are not paid equally by both the employer and employee.

The Tax That Is Paid Equally by the Employer and Employee