A characteristic of FICA is that:
A)It does not apply when one spouse works for the other spouse.
B)It is imposed only on the employer.
C)It provides a modest source of income in the event of loss of employment.
D)It is administered by both state and Federal governments.
E)None of these.

Question

Quizplus · Accepted Answer

FICA (Federal Insurance Contributions Act) applies to both employees and employers, including situations where one spouse works for the other. It funds Social Security and Medicare, not unemployment benefits, and is administered solely by the federal government, not by both state and federal governments.

A Characteristic of FICA Is That