Which of the following statements is correct?
A) All FICA taxes are paid by the employer.
B) The employee pays one-half of the FUTA tax.
C) The employer pays the FUTA tax and the employer's share of the FICA tax.
D) The employee pays the FUTA tax and the employee's share of the FICA tax.

Question

Quizplus · Accepted Answer

FICA taxes are split between the employer and employee, but the FUTA tax is solely paid by the employer. Therefore, the correct statement is that the employer pays the FUTA tax and the employer's share of the FICA tax.

Which of the Following Statements Is Correct