Question
Matching A) Social Security Tax B) Medicare Tax C) Federal Income Tax D) State Unemployment Tax [Act] (SUTA) E) Federal Unemployment Tax [Act] (FUTA) F)
Matching
A) Social Security Tax
B) Medicare Tax
C) Federal Income Tax
D) State Unemployment Tax [Act] (SUTA)
E) Federal Unemployment Tax [Act] (FUTA)
F) Voluntary deduction
1. A deduction from an employee's wages to fund their 401K
2. A federal insurance contributions act (FICA) tax with a rate of 6.2% and a threshold that is taxable.
3. An unemployment tax paid by the employer to fund the state unemployment account.
4. An employer tax paid on the first $7,000 at a rate of .6%
5. A tax designed to fund the general operations of the federal government.
6. A FICA tax that is calculated on the entire amount of employee's wages.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started