select the correct answer. what is the purpose of a fica tax? a. it provides health insurance for people who…
select the correct answer. what is the purpose of a fica tax? a. it provides health insurance for people who are retired or disabled. b. it helps the state government finance education projects. c. it helps local councils finance development projects.
Answer
Brief Explanations:
FICA (Federal - Insurance Contributions Act) tax funds Social Security and Medicare. Medicare provides health - insurance for retired or disabled people.
Answer:
A. It provides health insurance for people who are retired or disabled.