Economics

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

A. Money is being withheld for personal exemptions and deductions.
B. Money is being withheld for excise and estate taxes.
C. Money is being withheld to fund Social Security and Medicare.
D. Money is being withheld for federal, state, and city taxes.

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  1. The correct answer is A.

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