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26. 27. Which of the following would not be withheld from employee wages? A. Social security taxes B. Federal income taxes C. Medicare taxes D.

26. 27. Which of the following would not be withheld from employee wages? A. Social security taxes B. Federal income taxes C. Medicare taxes D. Federal unemployment taxes An employer offers a 401(K) plan to its employees. The company will match the employee's contribution up to a maximum of 5% of compensation. Fred earns a salary of $3,000 per month. In March, he contributed $500 to the 401(k) plan. What is the employer's 401(k) expense for March related to Fred? A. $150 B. $300 C. $500 D. $650 28. Employees earned a total of $10,000 in January. Taxes of $2,000 were withheld from employee checks. Employer payroll taxes totaled $1,000 for the month. Salaries expense for January would be reported at: A. $8,000 B. $10,000 C. $11,000 D. $12,000 E. $13,000

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