The employer pays an amount to the Social Security Administration equal to the tax paid by the employee. is this true or false

Question

Kaya Potter

Mathematics

31 December, 05:15

The employer pays an amount to the Social Security Administration equal to the tax paid by the employee. is this true or false

+3

Answers (1)

Know the Answer?

Rohan David · Answer 1

False

Step-by-step explanation:

The employer pays an amount to the Social Security Administration that equals the amount paid by the employee to the Social security Administration. Workers pay 6.2% of the earnings up to the cap where as the employers pay a matching amount to result to a combined contribution of 12.3% of earnings.