Each of the following items is accurately defined under FICA as taxable wages except:

a. commissions.

b. value of meals furnished employees for the employer's convenience.

c. severance pay.

d. value of meals furnished employees for the employees' convenience.

e. $500 award for productivity improvement suggestion.

Noncash items given to household employees by their employers are subject to FICA tax.

True

False

In computing their own FICA taxes, employers may exclude the total amount of tips reported to them by their tipped employees.

True

False

If the accumulated employment taxes during a quarter are less than $2,500, no deposits are required.

True

False

In its definition of employee, FICA clearly distinguishes between classes or grades of employees.

True

False