The employer is required to match the amount of FICA taxes withheld for each employee,effectively doubling the amount paid into Social Security.

Name: The employer is required to match the amount of FICA taxes withheld for each employee,effectively doubling the amount paid into Social Security.
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

This statement is true. The current Social Security tax rate for employees is 6.2%, and the employer is also required to contribute an additional 6.2%, effectively doubling the amount paid into Social Security.

The Employer Is Required to Match the Amount of FICA