FICA taxes are a mandatory deduction from employee earnings, and are also imposed upon employers as an expense.

Q: Identify two different types of deductions that an employer is required to subtract from a

A: There are several deductions from paycheck but two are absolutely necessary other are optional.

Q: An employer may withhold portions of an employee's total earnings for a.state and county sales…

A: The portion of employees’ revenue will be withheld by the employer for the purpose of paying some…

Q: Can Employee's expenses (Unreimbursed) be itemized

A: Unreimbursed expenses are defined as those expenses that are not given to you by employers. These…

Q: Payroll activities

A: Payroll is the salary payable to the employees for a particular period say week,…

Q: The wage base for unemployment compensation taxes are: a.  all wages paid but not including those…

A: The correct answer is Option (a).

Q: It is mandatory for both the employer and employee to pay​ ________.

A: Payroll accounting:   The process of payroll accounting includes the computation and payment of…

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: Which payroll taxes are the responsibility of the employee and which are the responsibility of the…

A: Introduction: Payroll taxes: Payroll taxes are levied on both employers and employees and are…

Q: In determining an employee's net pay, which of the following taxes would not be deducted? a.SUTA…

A: Employees net pay = Gross pay - All payroll deductions

Q: An independent contractor or self-employed person's employer is not required to deduct taxes, CPP,…

A: Benefits provided by employers when an employee works for a company, then every employer has to…

Q: Identify generally what is defined as taxable wages by the Federal Unemployment Tax Act.

A: FUTA is the federal unemployment tax. These are the payroll taxes that help to fund the unemployment…

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: Which of the following is not an employer payroll tax?

A: Federal income tax is the liability of the employee to pay tax on the income and is deductible from…

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: Which payroll taxes are the employee’s responsibility and which are the employer’s responsibility?

A:

Q: Which of the following payroll related taxes are paid by the employer? Choose the best answer. Group…

A: Social Security Tax and Medicare Tax are taxes that are deducted from employee's salary. There are…

Q: Typically, both the employee and the employer  pay the same tax rate for:  a. FICA  b. Medicare tax…

A: FICA stands for "Federal Insurance Contributions Act". There are 2 parts of FICA : 1. Social…

Q: The account that should be credited for the total income tax withheld from employee's earnings is o…

A: The objective of the question is to identify the correct account that should be credited when the…

Q: If an employer does not deduct taxes and contribution from an employee. The employee has the…

A: In the context of employment, deductions typically refer to amounts that an employer withholds from…

Q: true or false In most situations, the total Social Security taxes levied on employers will exceed…

A: The Social Security tax rate for both employees and employers is 6.2% of employee compensation (for…

Q: The amount of federal income tax to be withheld from employee's paychecks can be calculated by

A: Federal income tax: It is a tax levied by the IRS on the annual income of the taxpayers such as…

Q: Which of the following is not deducted from an employee’s salary? a. FICA taxes.b. Unemployment…

A: Payroll tax The costs incurred by an employer to pay the employee for his labor, including other…

Q: Why are deductions from employees’ earnings classified as liabilities for the employer? For each of…

A: Payroll: The total payment that a company is required to pay to its employee for the services…

Q: Employees are subject to FUTA taxes, which are not deducted from their pay. A. True B, False

A: This question deals with Employees are subject to FUTA taxes,

Q: FUTA taxes impose on employees and therefore are not deducted from employee wages.   A.  True B,…

A: Given statement is false.

Q: Explain why Congress allows self-employed taxpayers to deduct the employer portion of their…

A: From the salary of employees, the medicare amount of tax and social security amount of tax are…

Q: Which of the following is not an employer payroll tax? Multiple Choice Social Security tax equal to…

A: The following are categorized under employer payroll tax, Federal unemployment tax State…

Q: Which of the following are not included in an employer’s payroll tax expense? a) state income taxes…

A: Payroll tax is an obligation imposed on the employer by the federal and state authorities. It is the…

Q: Employers are responsible for paying FICA taxes, but are not responsible for paying state and…

A: FICA taxes fund Social Security and Medicare, with employers and employees each contributing a…