an employee for a payroll period is referred to as the net pay 12. Mo Most employers are required to withhold a portion of the earnings of each employee for FICA tax. 13. Most emplo yers are required to withhold federal unemployment taxes from employee earnings A tax is a payrall tax that is paid by bosh the employee and the employer A bond is simply a form of an interest bearing note 14 o main sources of stockholders' equity are investments contrbuted by stockholders and net income retained in the business Preferred stockholders must receive their current year dividends before the common stockholders can receive any dividends 17.P