The old age, survivors, and disability insurance component of FICA tax is imposed on the entire amount of an individual employee's earnings

Indicate whether the statement is true or false

FALSE

Business

You might also like to view...

The Depository Institutions Deregulation and Monetary Control Act

a. established a system of central banks b. has resulted in more competition among depository institutions c. increased federal deposit insurance from $40,000 to $80,000 for each account d. established minimum capital requirements for banks with federal charters

Business

A unique characteristic of retailing is _____

a. the high effect of the business cycle on sales b. high foreign competition c. low average sales d. saturation of retail facilities

Business