Which of the following statements about Medicare taxes is TRUE?
A) People who are self-employed do not share the burden of this tax with employers.
B) People who own their own businesses do not have to pay this tax on themselves.
C) Medicare taxes are larger in percentage terms than Social Security taxes.
D) Medicare taxes are used to provide free medical care for children.
Correct Answer:
Verified
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Q66: The alternative minimum tax:
A) is the tax
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Q69: The FICA tax burden is:
A) paid entirely
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Q72: Which of the following is a reason
Q73: The Federal Insurance Contributions Act tax is
Q74: Who actually bears the burden of the
Q75: If you receive a capital gain of
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