Social Security, Medicare, and State are all types of taxesGroup of answer choicesTrueFalse

Social Security and Medicare taxes withheld from employees’ paychecks are collectively referred to as ________.Multiple ChoiceFringe benefitsUnemployment taxesFICA taxesState income taxes

Which is exempted from taxation?Sec. 32B of the Tax CodeGroup of answer choicesRetirement benefitsAnnuities

Multiple Choice QuestionWho collects Social Security funds from payroll taxes paid by both employers and employees?Multiple choice question.The federal governmentThe state governmentUnionsEmployers

Social Security withholding is an example of a(n)___________.A.progressive taxB.regressive taxC.estate taxD.state taxSUBMITarrow_backPREVIOUS

Which type of withholding goes toward U.S. income tax?A.Federal withholdingB.State withholdingC.MedicareD.Social Security