Chapter I, Problem 2Q

To determine

Payroll

Payroll is a term which relates to both wages and salaries of employee.

Payroll taxes

Payroll taxes are the types of taxes normally calculated as certain percentage of the salary. FICA taxes, Employee federal income taxes payable, Federal unemployment taxes payable and State unemployment taxes payable are the coming under the category of payroll tax.

To find: Which payroll tax is levied on both employers and employees.