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23-12-2022
Business

Answered

In describing FICA taxes, which (if any) of the following statements is incorrect?
A.) If both spouses work, excess taxes need not result.
B.) Excess FICA taxes can be claimed as an income tax credit.
C.) The base amounts for 2021 probably will increase from the 2020 amounts.
D.) The base amounts for the Social Security and Medicare portions are the same.
E.) All of these are correct.

Answer :

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