Discuss the differences between the FICA paid by an employee compared to FICA paid by...

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Accounting

Discuss the differences between the FICA paid by an employee compared to FICA paid by a self-employed person.
What are the current Social Security and Medicare rates for the employer? What are the current Social Security and Medicare rates for the employee? Do either of these taxes have a ceiling? If so, what is the ceiling and what does it represent?

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