Certified Payroll Professional Practice Exam

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Prepare for the Certified Payroll Professional Exam with comprehensive flashcards and multiple choice questions. Each question is accompanied by detailed hints and explanations to aid your understanding. Get ready to ace your Certified Payroll Professional Exam!

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What are the FICA Withholding Requirements in total percentage?

8.4%
12.3%
15.3%
18.2%

The correct answer is: 15.3%

The correct answer is C. FICA (Federal Insurance Contributions Act) withholding requirements consist of two separate taxes: Social Security and Medicare. Employees and employers each pay half of these taxes, totaling 15.3% - 6.2% for Social Security and 1.45% for Medicare. Therefore, the total FICA withholding requirement is 15.3%. Options A, B, and D are incorrect percentages and do not represent the total FICA withholding requirements accurately.