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☆☆☆☆☆Cards in this guide (8)
FICA tax is the same as federal income tax
NO - however it is paid to the IRS. Federal Income Tax is just what it sounds like and pays for federally funded programs. FICA is Social Security Income and goes to pay into the fund for Social Security Programs.
What percentage of gross income is withheld as an employee's contribution to Medicare
1.45%
The amount of what type of tax is determined through the use of a mill levy
The amount of property tax is determined through the use of a mill levy.
What type of tax is paid left by a person who has died
estate tax
Which of these forms is used to determine the number of allowances a taxpayer can claim
w-4
While training in a management position you might expect to earn 24000 to 28000 annually If you pay 6.2 percent of your income toward Social Security and 1.45 percent toward Medicare what is the least
1,836
Which of these is not requirement for claiming an individual as a dependent
The child must have lived with the taxpayer for more than three years.
What is the most common form of indirect tax
sales tax!
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