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What is deducted from your paycheck to fund Social Security and Medicare? For Teacher Use Only QRPF2DOK2 439120 M5 LIQ3 FICA State income tax Retirement contributions Health insurance premiums

Pergunta

What is deducted from your paycheck to fund Social Security and
Medicare?
For Teacher Use Only
QRPF2DOK2 439120 M5 LIQ3
FICA
State income tax
Retirement contributions
Health insurance premiums

What is deducted from your paycheck to fund Social Security and Medicare? For Teacher Use Only QRPF2DOK2 439120 M5 LIQ3 FICA State income tax Retirement contributions Health insurance premiums

Solução

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BrunaElite · Tutor por 8 anos

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'FICA'

Explicação

## Step 1<br />The question is asking about the deductions from a paycheck that fund Social Security and Medicare. These deductions are known as FICA (Federal Insurance Contributions Act) taxes. <br /><br />## Step 2<br />FICA taxes are used to fund Social Security and Medicare, which are federal programs that provide benefits for retired individuals, disabled individuals, and the survivors of deceased workers.<br /><br />## Step 3<br />State income tax, retirement contributions, and health insurance premiums are not used to fund Social Security and Medicare. They are separate deductions that are taken from a paycheck.
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