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Mark the correct answer. FICA taxes are: A. Paid by the employee and by the employer. B. 7.65 percent of earned income up to $150,000.

Mark the correct answer. FICA taxes are:
A. Paid by the employee and by the employer.
B. 7.65 percent of earned income up to $150,000.
C. Not subject to cost of living adjustments each year.
D. 7.65 percent of all earned income with no limitations.

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