Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

2.10.4 Test (CST): Income and Budgeting
Question 6 of 25

FICA deductions consist of:

A. Medicare and Social Security
B. Medicaid and Social Security
C. Income tax and health insurance
D. Pension and Medicare

SUBMIT

Sagot :

GinnyAnswer

Final answer:

FICA deductions include Medicare and Social Security, which are payroll taxes funded through the Federal Insurance Contributions Act (FICA).


Explanation:

FICA deductions consist of Medicare and Social Security. These deductions are a percentage of the gross annual income, with Social Security at 6.2% and Medicare at 1.45%. FICA stands for the Federal Insurance Contributions Act, which helps fund Social Security and Medicare.


Learn more about Income Deductions here:

https://brainly.com/question/42398086


Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.