Asked by

Maile Winkleman
on Oct 25, 2024

verifed

Verified

Economic analysis shows that workers pay _____ of the FICA.

A) exactly half
B) very little
C) most
D) none

FICA

Federal Insurance Contributions Act, a U.S. law requiring a deduction from employees’ paychecks and employer contributions to fund Social Security and Medicare.

Economic Analysis

The systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving specific objectives.

Workers Pay

The compensation, including wages, salaries, and benefits, that an employee receives from an employer in exchange for their labor.

  • Understand the effect of taxes on the burden shared between employers and employees.
verifed

Verified Answer

MD
Matthew Del MedicoOct 30, 2024
Final Answer:
Get Full Answer