Match each of the following terms with the appropriate definitions.
-Taxes that fund Social Security and Medicare,assessed on both employer and employees under the Federal Insurance Contributions Act.
A)Long-term liability
B)Warranty
C)FUTA taxes
D)FICA taxes
E)Contingent liability
F)Net pay
G)Withholding allowance
H)Estimated liability
I)Merit rating
J)Wage bracket withholding table

Question

Quizplus · Accepted Answer

FICA taxes are specifically designed to fund Social Security and Medicare, and they are assessed on both employers and employees under the Federal Insurance Contributions Act.

Match Each of the Following Terms with the Appropriate Definitions