The portion of FICA taxes designated as Medicare is paid by a.employees only. b.the employer and the federal government. c.both the employee and the employer. d.either the employer or the employee, depending on the labor contract. e.neither the employee nor the employer.

The portion of FICA taxes designated as Medicare is paid by a.employees only. b.the employer and the federal government. c.both the employee and the employer. d.either the employer or the employee, depending on the labor contract. e.neither the employee nor the employer.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter8: Employer Taxes, Payments, And Reports

Section: Chapter Questions

Problem 5QY

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Question

The portion of FICA taxes designated as Medicare is paid by

a.employees only.

b.the employer and the federal government.

c.both the employee and the employer.

d.either the employer or the employee, depending on the labor contract.

e.neither the employee nor the employer.

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