Which of the following taxes is only paid on the first $118,500 of your salary?
A) Federal Income Tax
B) Social Security Tax
C) Medicare Tax
D) All of the above.

Name: Which of the following taxes is only paid on the first $118,500 of your salary? A) Federal Income Tax B) Social Security Tax C) Medicare Tax D) All of the above.
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Question

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The Social Security Tax is the only tax that is only paid on the first $118,500 of your salary. Both Federal Income Tax and Medicare Tax are paid on all income.

Which of the Following Taxes Is Only Paid on the First