The Federal Insurance Contributions Act requires employers to withhold FICA taxes from employees' earnings.

Question

Quizplus · Accepted Answer

This is true. FICA taxes are Social Security and Medicare taxes that are collected from both employers and employees to fund those programs. Employers are responsible for withholding the employee's portion of the FICA taxes from their paychecks and remitting both the employer and employee portions to the IRS.

The Federal Insurance Contributions Act Requires Employers to Withhold FICA