You receive a paycheck from your employer,and your pay stub indicates that $400 was deducted to pay the FICA (Social Security/Medicare) tax.Which of the following statements is correct?
A) This type of tax is an example of a payback tax.
B) Your employer is required by law to pay $400 to match the $400 deducted from your check.
C) The $400 that you paid is the true burden of the tax that falls on you,the employee.
D) All of the above are correct.
Correct Answer:
Verified
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