Question

Estimated payments for individual taxpayers are due on the following dates: a.Twice a year on June...

Estimated payments for individual taxpayers are due on the following dates: a.Twice a year on June 15 and December 15. b.Twice a year on April 15 and September 15. c.Four times a year on April 15, July 15, September 15, and December 15. d.Four installments on April 15, June 15, September 15, and January 15 of the next year.

Which of the following is not true about FICA taxes?

a.When employees work for more than one employer and exceed the maximum wage base for Social Security tax withholding in total, they are allowed a refund of excess tax withheld.

b.In 2019, there is no maximum wage base for Medicare tax withholding.

c.The FICA tax has two parts, Social Security (Old Age, Survivors, and Disability Insurance) and Medicare.

d.In 2019, the maximum wage base for Social Security tax withholding is $128,400.

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Answer #1
1
Estimated payments for individual taxpayers are due on Four installments on April 15, June 15, September 15, and January 15 of the next year.
Option D is correct
2
In 2019, the maximum wage base for Social Security tax withholding is $128,400 is not true
In 2019, the maximum wage base for Social Security tax withholding is $132,900.
In 2018, the maximum wage base for Social Security tax withholding is $128,400.
Option D is correct
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