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Your pay stub from your job deducts money for FICA. What does this mean?

A. Money is being withheld to fund Social Security and Medicare.

B. Money is being withheld for federal, state, and city taxes.

C. Money is being withheld for personal exemptions and deductions.

D. Money is being withheld for excise and estate taxes.

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taskmasters
"Money is being withheld to fund Social Security and Medicare" is the one among the following choices given in the question that gives the meaning. The correct option among all the options that are given in the question is the first option or option "A". I hope that the answer comes to your desired help.
david8644

Answer:

A. Money is being withheld to fund Social Security and Medicare.

Explanation:

FICA is the Federal Insurance Contributions Act, and it was passed 1935 by the congress of the United States, this is in order to be able to withheld money directly from the worker of the United States by their employers to be sent and fun the Social Security programs and Medicare.

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