Tax Drill - Employment Taxes Indicate whether the following statements are "True" or "False" regarding tax withholding and payment procedures. a. The employer must match the FICA portion withheld on employees and fully absorb the cost of FUTA tax b. If a chid employed by parent (or partnership in which each partner is a parent of the child), the child is exempt from withholding Social Security and Medicare taxes until ge 18. c. If one spouse is employed by the other spouse, there is an exemption regarding the withholding of income taxes and Social Security and Medicare taxes. Which of the following credits is considered "refundable"? a. Child and dependent care credit b. Retirement plan contribution credit c. Child tax credit d. Credit for the elderly or permanently disabled