FICA taxes refer to the Social Security and Medicare taxes that both employers and employees are required to pay. These taxes are specifically earmarked for retirement, disability, and healthcare benefits for those who qualify. Charitable giving, federal and state income taxes, and unemployment taxes are separate from FICA taxes.

Solved

FICA Taxes Include

Question 100

Multiple Choice

FICA taxes include:

A) Charitable giving.
B) Employee federal income tax.
C) Social Security and Medicare taxes.
D) Employee state income tax.
E) Federal and state unemployment taxes.

Correct Answer: