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Which of the following is a true statement regarding Medicare tax? a) All employees pay 6.2% of their salary or wages toward Medicare tax. Ob)
Which of the following is a true statement regarding Medicare tax? a) All employees pay 6.2% of their salary or wages toward Medicare tax. Ob) Employees must pay an additional 0.9% of Medicare tax for salary or wages above $200,000 regardless of filing status. Oc) Employees only have to pay Medicare tax on the first $147,000 of their salary or wages. d) None of the above are true Gabe and Julie Kotter are married and file a joint return. Both Gabe and Julie work full time. The Social Security wage base limitation will apply separately to Gabe and Julie. True False
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