Which of the following statements about FICA is true? There is a ceiling on the amount of annual wages that are subject to the Social Security portion of the FICA tax O An employee can deduct on the Form 1040 his/her portion of FICA that is withheld from his/her wages. Companies are required to withhold FICA from the amounts they pay to independent contractors O There is a celing on the amount of annual wages that are subject to the Medicare portion of the FICA tax