FICA taxes are a deduction from employee earnings and are also imposed upon employers as an expense.

Name: FICA taxes are a deduction from employee earnings and are also imposed upon employers as an expense.
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FICA taxes (Social Security and Medicare) are split between employees and employers, with both contributing a certain percentage of the employee's earnings. This means that FICA taxes are both a deduction from employee earnings and an expense for employers.

FICA Taxes Are a Deduction from Employee Earnings and Are