Which of the following statements is not correct?

Multiple Choice

The Medicare tax is levied on both the employee and the employer.

To compute the Medicare tax to withhold from the employee's paycheck, multiply the net take$-$home wages by the Medicare tax rate of $1\mathrm{.}45\%.$

If an employee works for more than one employer during the year, the FICA tax is deducted and matched by each employer.

All employee earnings are subject to Medicare tax.