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Which of the following is paid by both the employee and the employer?Multiple ChoicePersonal income taxes.FICA taxes.State unemployment taxes.Federal unemployment taxes.

Question

Which of the following is paid by both the employee and the employer?Multiple ChoicePersonal income taxes.FICA taxes.State unemployment taxes.Federal unemployment taxes.

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Solution

The correct answer is FICA taxes. Both the employee and the employer contribute to Federal Insurance Contributions Act (FICA) taxes. This tax is used to fund Social Security and Medicare in the United States. Personal income taxes are paid by the employee, while state and federal unemployment taxes are typically paid by the employer.

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