Asked by
Anais Kaplun
on Nov 14, 2024
Verified
FICA taxes withheld and federal income taxes withheld are mandatory payroll deductions.
FICA Taxes
Federal Insurance Contributions Act taxes, which are payroll taxes in the United States used to fund Social Security and Medicare programs.
Payroll Deductions
Deductions from gross earnings to determine the amount of a paycheck.
- Identify the distinctions among diverse kinds of taxation and their effects on employees and employers.
Verified Answer
RR
Learning Objectives
- Identify the distinctions among diverse kinds of taxation and their effects on employees and employers.