Which of the following statements about Medicare taxes is TRUE?
A) People who are self-employed do not share the burden of this tax with employers.
B) People who own their own businesses do not have to pay this tax on themselves.
C) Medicare taxes are larger in percent than Social Security taxes.
D) Medicare taxes are used to provide free medical care for children.

Question

Quizplus · Accepted Answer

Self-employed individuals pay the full Medicare tax rate themselves, as they do not have an employer to share the burden.

Which of the Following Statements About Medicare Taxes Is TRUE