A business pays the social security tax at the same rate and on the same taxable wages as its employees.

Name: A business pays the social security tax at the same rate and on the same taxable wages as its employees.
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Question

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Employers are responsible for withholding social security taxes from their employees' wages and paying an equal amount as an employer contribution. The tax rate for social security is 6.2% for both employers and employees, up to a certain income limit.

A Business Pays the Social Security Tax at the Same