The main purpose of the Federal Insurance Contribution Act (FICA)was to:
A) Provide health insurance for all employees.
B) Mandate worker's compensation insurance for employers.
C) Provide life insurance for all employees.
D) Provide benefits for workers who were unable to work because of age,disability,or death.

Question

Quizplus · Accepted Answer

The main purpose of FICA is to provide benefits for workers who are unable to work due to age, disability, or death. FICA is a federal payroll tax that is withheld from employees' paychecks to fund Social Security and Medicare, which provide benefits to retired, disabled, or deceased workers and their families. FICA does not provide health, worker's compensation, or life insurance.

The Main Purpose of the Federal Insurance Contribution Act (FICA)was