Asked by
yashpreet kaur sandhu
on Nov 15, 2024Verified
If the employee has $700 withheld from their check for FICA-OASDI, what is the amount that the employer would need to pay?
A) $700
B) $190
C) $0
D) $510
FICA-OASDI
Federal Insurance Contributions Act - Old-Age, Survivors, and Disability Insurance; a payroll tax that funds Social Security and Medicare in the United States.
- Classify the types of taxes and obligatory payments for both employers and employees engaged in the payroll cycle.
Verified Answer
CD
Learning Objectives
- Classify the types of taxes and obligatory payments for both employers and employees engaged in the payroll cycle.