Children wages are subject to fica taxes, Accounting Basics

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Children wages are subject to fica taxes

Carol owns a small curio shop that is incorporated as an S corporation. Her three children, Sara, age 16, Mark, age 19, and Corey, age 22, all help in the shop. Which of the children's wages are subject to FICA taxes?

1. None of the wages are subject to FICA taxes.

2. Corey's wages only.

3. Mark and Corey's wages only.

4. All their wages are subject to FICA taxes.

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Accounting Basics: Children wages are subject to fica taxes

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Accounting Basics: Children wages are subject to fica taxes

Reference No:- TGS067269

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: Children wages are subject to fica taxes

Reference No:- TGS067269

Recent Questions Asked Accounting Basics

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