Which of the following is true about Social Security and Medicare tax deductions? a. They are applied
Question:
Which of the following is true about Social Security and Medicare tax deductions?
a. They are applied to the gross pay.
b. Contributions to a 401(k) plan are exempt from these taxes.
c. Medicare taxes apply to all earnings at the same rate.
d. Certain pre-tax deductions are exempt from Social Security and Medicare tax computations.
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The statement that is true about Social Security and Medicare tax deductions is c Medicare taxes app...View the full answer
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Related Book For 
Payroll Accounting 2023
ISBN: 9781264415618
9th Edition
Authors: Jeanette M. Landin, Paulette Schirmer
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