pizzalover9896 pizzalover9896
  • 21-01-2020
  • Business
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Which of the following taxes are paid by the employee and the employer? a.FUTA b.Federal withholding taxes c.SUTA d.FICA

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BenitoMarin BenitoMarin
  • 21-01-2020

Answer:

The correct answer is letter "D": FICA.

Explanation:

The FICA (Federal Insurance Contributions Act) is a U.S. law that requires a paycheck deduction to be paid to Social Security and Medicare. Employers and employees share half the payment unless an individual is self-employed meaning the full amount must be covered by that person.

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