FICA is a payroll tax imposed on employers and workers that is used to fund Social Security and Medicare.Which of the following statements regarding the tax is true?
A) Employers are required to pay a greater share of the tax than workers but most economists believe the burden of the tax is shared equally.
B) Congress wanted the burden of the tax to be greater for employers than for workers.
C) Most economists believe the burden of the tax falls almost entirely on workers.
D) Most economists believe the burden of the tax falls mostly on employers.
Correct Answer:
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