Under the Federal Insurance Contributions Act, where do the funds for Social

Business

1 answer:

emmasim [6.3K]2 years ago

6 0

Answer:

It is deducted from the workers

Explanation:

All employers are required to deduct social security and medicare taxes from their employees' paychecks. The deducted amounts are remitted to the government through the social security administration authority.

Therefore, the funds for Social Security and Medicare come from the employees' paycheck. It is the workers who contribute these funds from their income.

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<h3>Where does retained earnings appear?</h3>

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