Question

Which of the following statements is/are true about Medicare tax? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

• Additional Medicare tax is withheld for employees who earn more than $150,000 annually.unchecked
• Employers match all Medicare taxes withheld.unchecked
• All employee earnings less pre-tax deductions are subject to Medicare tax.unchecked
• The Medicare tax rate is 1.45%.

Answer 1

Additional Medicare tax is withheld for empoyees who earn more than $200000 annually for single payers,maaried and filled jiontly more than $250000 annually,married and filling seperately more than $125000 annually.Additional tax rate is 0.9%. so from the above exlpanation the statement in the given question is wrong (or) inncorrect.

All the employee earning less pre-tax deductions are not subjected to only medicare.example of pre-tax deduction are

1) Retairment fund

2) A health insurance plan

3) Commer assistence plans(which helps the employee to pay tranportation to and from work)