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 is the Social Security Tax Withholding Rate?

4.2% withheld from employees and 4.2% paid by employers
6.2% withheld from employees and 6.2% paid by employers
8.2% withheld from employees and 8.2% paid by employers
10.2% withheld from employees and 10.2% paid by employers

The correct answer is: 6.2% withheld from employees and 6.2% paid by employers

The Social Security Tax Withholding Rate is 6.2% for both employees and employers. This tax is split equally between the employee and the employer, with each contributing 6.2%. Therefore, option B is correct. Option A, C, and D have percentages that do not align with the standard Social Security Tax Withholding Rate of 6.2% for both employees and employers.