Question

which of the following statements explains the relationship between social security and medicare taxes? a. both social security and medicare are applied to all wages up to the maximum taxable earnings. b. both social security and medicare are applied to all wages without limit. c. medicare is applied to all wages up to the maximum taxable earnings. social security is applied to all wages without limit. d. social security is applied to all wages up to the maximum taxable earnings. medicare is applied to all wages without limit. please select the best answer from the choices provided a b c d

Explanation:

Social Security tax is applied to wages up to a certain maximum taxable earnings amount. Medicare tax is applied to all wages without any limit.

Answer:

D. Social Security is applied to all wages up to the maximum taxable earnings. Medicare is applied to all wages without limit.