asked 221k views
14 votes
When working in the gig economy, what statement is true regarding your payroll taxes?

a. You do not have to pay any payroll taxes

b. You can postpone paying your payroll taxes for up to a year

c. You only have to pay half of your payroll taxes for Social Security but not for Medicare

d. You must pay your entire payroll tax to cover Social Security and Medicaid​

asked
User PrGD
by
8.1k points

1 Answer

12 votes

Answer:

c. You only have to pay half of your payroll taxes for Social Security but not for Medicare

Step-by-step explanation:

This is true due to the fact that, payroll taxes is exempted from medicare as a result of the individual medicare subscription of the employees. On the other hand, there is need for them to pay social security taxes towards the provision of the social amenities to the citizens.

answered
User Ro Marcus Westin
by
8.5k points
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