Fundamental Payroll Certification Exam

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What impact does an employer paying the employee's portion of Social Security and Medicare taxes on a fringe benefit have on the employee's income?

The amount of the fringe benefit is included in the employee's income There is no change There are no Social Security or Medicare taxes on fringe benefits The taxes paid by the employer are considered income to the employee

Correct Answer:

The amount of the fringe benefit is included in the employee's income

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