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Which of the following statements is/are true about Medicare tax? (You may select more than...

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Accounting

Which of the following statements is/are true about Medicare tax? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

  • Additional Medicare tax is withheld for employees who earn more than $150,000 annually.unchecked
  • Employers match all Medicare taxes withheld.unchecked
  • All employee earnings less pre-tax deductions are subject to Medicare tax.unchecked
  • The Medicare tax rate is 1.45%.

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