contestada

What is the purpose of a FICA tax?

A.
It provides health insurance for people who are retired or disabled.
B.
It helps the state government finance education projects.
C.
It helps local councils finance development projects.

Respuesta :

A. it is used for the social security benefits of the elderly, disabled, retired etc
emilyadalex

Answer:

A. It provides health insurance for people who are retired or disabled.

Explanation:

The Federal Insurance Contributions Act (FICA) taxes are the payroll taxes paid by employee and employers that help fund Social Security and Medicare (the U.S. health insurances), that has been working since 1935 when the Act was passed. Its purpose is to provide health insurance for workers once they retire or in case they become disabled.