The FICA tax is typically deducted from your salary at a rate of ________until your salary reaches a point where it is no longer taxed at the rate of ________ for Social Security

A) 6.20 percent; 1.45 percent
B) 7.65 percent; 6.20 percent
C) 15.3 percent; 7.65 percent
D) 20 percent; 10 percent

Answer: B

Business

You might also like to view...

In order to transfer fee title to a parcel of real estate, which of the following is required?

a. All existing loans are to be paid off. b. Consent to the transfer needs to be obtained from all lenders who hold an interest in the property. c. A reconveyance deed from the trustee, needs to be recorded. d. Delivery of a valid deed.

Business

Under the Treaty Clause, ________ is seen as the agent of the United States in dealing with foreign countries

A) the Secretariat B) the president C) the United Nations D) the deputy secretary

Business