Which of the following statements concerning payroll taxes is TRUE?
A) Employees are responsible for 100% of employee payroll taxes.
B) Employers are responsible for 100% of employee payroll taxes.
C) Employees and employers share the costs of Social Security and Medicare taxes equally.
D) Employees pay the cost for unemployment taxes.

Question

Quizplus · Accepted Answer

Employees and employers share the costs of Social Security and Medicare taxes equally, with both parties paying a portion of these taxes.

Which of the Following Statements Concerning Payroll Taxes Is TRUE