1. What loan from the federal government given to individual states is used to provide unemployment benefits to state residents?

Q: Question 3: Which of the following is taxable for Social Security tax? Answer: A. O Contributions to…

A: Social Security taxes fund the retirement, disability, and survivor ship (benefits paid to a…

Q: The 0.9 percent Medicare tax applies to: a.Earned income b.Tax exempt income c.Gain on the sale of a…

A: Medicare tax is an additional tax. It has been introduced since 2013 as part of the Affordable Care…

Q: An employer's payroll tax expense would include:

A: The correct answer is: (C) FUTA, SUTA, Social Security and Medicare taxes FUTA (Federal Unemployment…

Q: Which of the following taxpayers is required to file a form 8862 to claim certain credits after…

A: An exemption known as a withholding allowance lowers the amount of income tax that an employer…

Q: Question 11: Which statement regarding the calculation of taxes is accurate?

A: Q 11  Correct answer is Option D Reason - Because the tax are computed on net income after deducting…

Q: Question 10: What types of wage garnishments are typically satisfied before others? Answer: A.…

A: Wage garnishment means a person have unpaid debt then the court can issue an order to its employer…

Q: Which of the following is true regarding Social Security benefits? a.Up to 100 percent of S

A: Social Security benefits are a government-administered retirement, disability, and survivor benefit…

Q: Question 21: The income threshold for Additional Medicare Tax levied is based on the Answer: A. age…

A: Additional Medicare Tax is an amount that is additionally paid by the tax payer contributions to the…

Q: . What tax is used by the federal government to provide unemployment compensation to individuals who…

A: Honor code: Since you have asked multiple questions, we will solve the first question for you. If…

Q: Which of the following journal entries is recorded in a general journal for the payment of the State…

A: The objective of the question is to identify the correct journal entry for the payment of the State…

Q: rmining federal income withholding found?

A: Employers are required to withhold the pay of the employees to extent of the tax liability of the…

Q: can you help me how to Explain how an employer can receive a credit against the FUTA tax due.

A: FUTA stands for Federal Unemployment Tax Act under federal law of US. FUTA tax is paid by the…

Q: Theme: AGI Examine the case below and do the following: 1.Indicates the income items that are part…

A: Adjusted Gross Income (AGI) For Calculating the Adjusted Gross Income which comes the whole income…

Q: Which of the following taxes is paid by the employee only? Choose the best answer. Group of answer…

A: Tax is compulsory payment made by the assessee to the government .

Q: Rent payments that are processed through a third-party net work after March 11, 2021, should be…

A: GIVEN   Rent payment that are proceed through a 3rd party network after March 11,2021 should be…

Q: Which payroll tax is imposed on both the employee and the employer? a. federal income tax b.…

A: Payroll taxes are levied on salaries and self-employment income by the federal government, and the…

Q: Which of the following does NOT apply to both a W−2 and a W−​3?     A. Reports the total amount of​…

A: IRS forms W-2 and W-3 both are submitted by the employer to Social Security Administration and both…

Q: Medical Insurance, a pre-tax deduction? Thank you,

A: Payroll deductions are wages withheld from an employee’s total earnings for the purpose of paying…

Q: 22 What must an employer disclose in a defined contribution plan? The amount to be paid by the…

A: A Defined Contribution Plan is a retirement savings arrangement where employers and employees…

Q: Which payroll tax is levied on both employers and employees? Both employees and employers are…

A: The payroll tax is required to be remitted to the government on the behalf of employee and is…

Q: Which of the following taxes has a ceiling and is only paid by the employer? Group of answer choices…

A: Income taxes is the amount that is charged by the government on the income earned by an individual…

Q: Social Security and Medicare benefits are funded by: Multiple Choice FICA taxes Fringe benefits FUTA…

A: To solve the question fist we need to have basic knowledge of taxes and their application towards…

Q: Which of the following can be adjustment(s) to gross income on the 1040 form? Multiple correct…

A: Form 1040 indicates what is considered by the individual taxpayers for sile the tax with the…

Q: Which of the following taxes is part of payroll deductions for an employee's earnings and paid by…

A:

Q: Which of the following accounts has special tax advantages under certain conditions when used to…

A: Qualified education expenses refer to the amount paid towards the tuition, fees, and other related…

Q: The deposit made by an employer for federal payroll taxes includes         FICA…

A: The question is asking about the components of the federal payroll taxes that an employer is…

Q: Some payroll taxes are paid by both employees and employers. Others are paid only by employers.…

A: Some payroll taxes are borne by both employer and employee while some are paid only by employees or…

Q: Question 13: Which of the following payroll register columns can contain a combination of multiple…

A: A payroll register is measure to maintain wage records/ information about gross pay, deductions, tax…

Q: Which of the following is NOT a valid use of Form 990-1? O Request credit for certain excise taxes…

A: Filling out Form 990-T is how exempt organizations:declare any unrelated business revenue.Determine…

Q: The cash benefits provided by Social Security come from:   Question 13 options:…

A: The objective of the question is to identify the source of cash benefits provided by Social…

Q: Paloma Company has four employees. FICA Social Security taxes are 6.2% of the first $137,700 paid to…

A: Payroll taxes is the amount that is held by the employer from the employees' earnings and pay it to…

Q: Explain and what is the calculation of the following. Tax rates (formula) HELP repayment amount…

A:

Q: The portion of FICA taxes designated as Medicare is paid by a.employees only. b.the employer and the…

A: FICA is a U.S. federal payroll tax. FICA stands for The Federal Insurance Contributions Act.

Q: To journalize the payment of Medicare taxes to the IRS, the correct entry would be a. debit Medicare…

A: Income before tax means the profit earned before paying any taxes to the government authorities.It…

Q: Which of the following journal entries is recorded for the payment of employees' state income tax…

A: The objective of the question is to identify the correct journal entry for the payment of employees'…

Q: uestion 39: Which of these is a voluntary deduction? Answer:   A.    Social security tax     B.…

A: Voluntary deductions are deduction takes by the taxpayer voluntarily, by their own choice. Some…