You receive a paycheck from your employer,and your pay stub indicates that $300 was deducted to pay the FICA (Social Security/Medicare)tax.Which of the following statements is correct?

Question

Quizplus · Accepted Answer

A) The $300 that you paid is not necessarily the true burden of the tax that falls on you, the employee, because your employer also pays the same amount to match the FICA tax.
B) Your employer is required by law to pay a matching contribution for FICA tax, which is equal to the amount deducted from your paycheck.
C) FICA tax is a type of payroll tax, which is a tax that employers are required to withhold from their employees' paychecks and remit to the government.

You Receive a Paycheck from Your Employer,and Your Pay Stub