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Employer payroll taxes: Multiple Cholce Are payable for up to a maximum $117000 of employee earnings. Represent the federal taxes withheld from employees. Are added

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Employer payroll taxes: Multiple Cholce Are payable for up to a maximum $117000 of employee earnings. Represent the federal taxes withheld from employees. Are added expenses beyond that for the wages and salartes earned by employees Are paid by the employee. Represent the social security taxes withheld from employees. Which of the following is not true regarding the unemployment insurance program? Multiple Choice It requires withholding from the employee wages. It adjusts rates pald by employers based on thelr mert rating It is a Jolnt federal and state program. It Is administered by each state. It provides unemployment benefits to cualified workers All of the following are employer payroll taxes except Multiple Cholce State unemployment tax. Federal income tax equal to that withheld from employees. Medicare tax equal to that withheld from employees. Federal unemployment tax. Social Security tax equal to that withheld from employees. up to $118.500 maximum per year and the rate for FICA earned $43,300 working for an employer in the current year The current rare for FICA Social Medicare 1.45% The employer's total FICA payrol tax for this employee is: Multiple Cholce $5.638.05 employee's psy 50 since the FICA tar 's only deducted trom 3.31245 2.684 60 On May 22, Jarrett Company borrows $7500 from Fairmont Financing, signing o godek 8% $1.500 none what is the maturity date record the payment of the note by Jarrett Company on the limet Dbt Cauh $7650 ct $50, ce Nos Recevabe $2.500

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