Employer contributions for retirement plan payments for employees are defined as wages and are thus subject to FICA taxes.

Name: Employer contributions for retirement plan payments for employees are defined as wages and are thus subject to FICA taxes.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Employer contributions to qualified retirement plans for employees are not considered wages and are therefore not subject to FICA taxes.

Employer Contributions for Retirement Plan Payments for Employees Are Defined