Asked by
TastyKrat YaBoy
on Nov 15, 2024Verified
The payroll taxes the employer is responsible for are:
A) FICA-OASDI.
B) FICA-Medicare.
C) State income taxes.
D) A and B.
FICA-OASDI
The Federal Insurance Contributions Act's component for Old-Age, Survivors, and Disability Insurance, a payroll tax that funds Social Security.
- Differentiate the kinds of taxes and contributions that are the responsibility of both employers and employees in managing payroll.
Verified Answer
DD
Learning Objectives
- Differentiate the kinds of taxes and contributions that are the responsibility of both employers and employees in managing payroll.