Saturday, October 10, 2020

Which of the following are withheld from an employee's salary?

Which of the following are withheld from an employee's salary?


I. FICA taxes.

II. Federal and state unemployment taxes.

III. Federal and state income taxes.

IV. Employee portion of health insurance.



A) I, II, and IV

B) I, III, and IV

C) I and IV

D) II and III


Answer: B


Which of the following is true regarding FICA taxes?



A) FICA taxes are paid only by the employee.

B) FICA taxes are paid only by the employer.

C) FICA taxes are paid in equal amounts by the employee and the employer.

D) FICA taxes are paid in different amounts by the employee and the employer.


Answer: C


Which of the following are not included in an employer's payroll tax expense?



A) Employer portion of FICA taxes.

B) Federal unemployment taxes.

C) State unemployment taxes.

D) State income taxes.


Answer: D

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