There is no ceiling on each employee's total earnings that are subject to federal income tax.

Name: There is no ceiling on each employee's total earnings that are subject to federal income tax.
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Question

Quizplus · Accepted Answer

This statement is true. There is no upper limit on the amount of income an employee can earn that is subject to federal income tax. However, there are certain income limits for certain tax credits and deductions, such as the Earned Income Tax Credit and the Standard Deduction.

There Is No Ceiling on Each Employee's Total Earnings That