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The number of allowances claimed by an employee determines how much will be withheld from their paycheck for: O A. FICA - OASDI. OB. FICA

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The number of allowances claimed by an employee determines how much will be withheld from their paycheck for: O A. FICA - OASDI. OB. FICA - Medicare. OC. federal income tax OD. both A and B are correct. FICA taxes provide funding to the government to pay: O A. monthly retirement benefits for persons over age 62. OB. medical benefits for persons over age 65. OC. benefits for persons who have become disabled. OD. All of the above are correct. Employers pay the following payroll taxes, O A. FICA - OASDI. O B. Federal income tax. O C. State unemployment tax. OD. A and C. An allowance or exemption represents a certain amount of a person's income that will be considered nontaxable. O O True False All states use the same percent for the state tax rate. O O True False

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