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Social Security and Medicare taxes withheld from employees’ paychecks are collectively referred to as ________.Multiple ChoiceFringe benefitsUnemployment taxesFICA taxesState income taxes

Question

Social Security and Medicare taxes withheld from employees’ paychecks are collectively referred to as ________.Multiple ChoiceFringe benefitsUnemployment taxesFICA taxesState income taxes

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Solution

The answer is FICA taxes.

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