Which Of The Following Statements About The Fica Tax Is Not True?

(Correct Answer Below)

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Which Of The Following Statements About The Fica Tax Is Not True?

a. The FICA tax is composed of two parts, Social Security and Medicare. b. Self-employed individuals may elect to pay either FICA taxes or self-employment taxes. c. FICA taxes are paid by both the employees and their employers. d. The income amount subject to FICA tax has increased significantly over the years. e. Wages subject to FICA tax that are received by a self-employed individual reduce the individual's maximum self-employment tax base.
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b. Self-employed individuals may elect to pay either FICA taxes or self-employment taxes.

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