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Q: Your pay stub deducts money for fica. what does this mean? a) money is being withheld for excise and estates taxes. b) money is being withheld for federal, state, and city taxes. c) money is being
withheld for personal exemptions and deductions. d) money is being withheld to fund social security and medicare
A: The answer is D. [ FICA deductions refer to the money taken out of your paycheck by your employer for Social Security taxes- which sometimes are called old age, survivor and disability insurance (OASDI)- and for Medicare taxes- which sometimes are called hospital insurance (HI). FICA stands for Federal Insurance Contributions Act. ]
Expert answered|missa317|Points 20|
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Asked 5/14/2012 11:41:58 AM
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Questions asked by the same visitor
The constitution gives the authority to levy taxes to a) the vice president, b) congress, c) the secretary of the treasury, d) the chair of the federal reserve
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Expert Answered
Updated 4/22/2016 12:37:28 PM
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The constitution gives the authority to levy taxes to Congress.

Added 4/22/2016 12:37:28 PM
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