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6. TF.09-032 When taxpayers overpay Social Security taxes, the excess taxes may be claimed as a credit against their income tax liability. True False 7.
6. TF.09-032 When taxpayers overpay Social Security taxes, the excess taxes may be claimed as a credit against their income tax liability. True False 7. MC.09-037 Redford's salary was $144,000 in 2021. What would his total combined FICA tax (Social Security \& Medicare) withheld from his salary be for the year? a. $10,941.60 b. $10,625.40 c. $11,016.00 d. $10,182.80 e. None of these choices are correct. 8. MC.09-046 Which one of the following payroll tax deposit schedules is not a rule that applies for a class of employers? a. Semi-weekly deposit rule b. Yearly deposit rule c. Eight-day deposit rule d. One-day deposit rule e. Monthly deposit rule 9. TF.09-051 Gambling winnings must be reported to the IRS, but withholding of taxes on winnings is never required
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