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You Receive a Paycheck from Your Employer, and Your Pay

Question 307

Multiple Choice

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?


A) You will owe $300 per paycheck to pay the FICA tax for the remainder of the fiscal year regardless of your wages.
B) Your employer is required by law to pay $150 to match half the $300 deducted from your check.
C) This type of tax is an example of a sales tax.
D) The $300 that you paid is not necessarily the true burden of the tax that falls on you, the employee.

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