FUTA Laxes 000 of an employee's A) S316.00 of totaley. A B) $420.00 C) $534.60 of total unemployment as the employer , and the SUTA D) $594.00 E) $0.00 UTA the employer SAN on a monthly basis for the month of Gary Marks is paid on a monthly basis of 58,288. FICA tax for Social Security is 6.0 the FICA tax for Medicareis 1.45% of all 5.4%. Both unemployment taxes are Federal Income Tax withheld from his earn payroll taxes expenses for this employes places.) A) $2,009.21 B) $1,131.31 C) $2,506.48 D) $420,00 E) $1,054.04 on the first $1200 plied to the The TUTA $7.000 S UTA 5175 17. W say The Round your needs to h emount of the employer de 13 mated liabilities commonly arise from a A) Warranties B) Vacation benefits. C) Income taxes. monly arise from all of the following except D) Employee benefits. E) Unearned revenues. Ecom 14. The deferred income tax liability: A) Arises when incor Ses when income tax expense reported on the income statement exceeds the amount of income taxes payable to the government B) is a contingent ability C) Arises when income tax expense reported on the income statement is less than the amount of income taxes payable to the government. D) is never recorded. is recorded whether or not the difference between taxable income and financial accounting, income is permanent or temporary. All of the following statements related to recording warranty expense are true except: A) Recording estimated warranty expense complies with the full disclosure principle. B) Warranty expense should be recorded in the period when the warranty service is performed. C) Recording estimated warranty expense complies with the matching principle. The seller reports a warranty obligation as a liability. El Warranty costs are probable and the amount can be estimated