R ACC 203 - 204 Exa... ... 0. The payroll taxes the employer is responsible for are: a) FICA, SUTA, and FUTA b) FICA, FIT, and Sir. c) FICA, workers compensation, and FIT. d) None of these answers are correct. "1. The FICA rate for an employer is: a) twice the individual rate. b) equal to the employee rate. c) 7.25% d) 6.2% 2. The Federal Unemployment Tax is: a) pald by the cmployer. b) paid by employees c) paid by unemployed workers. d) All of these answers are correct. 13. Currently the FUTA da: a) 6.2% with a base limit of $76,200. b) 5.4% with a base limit of $7,000. c) 5.4% with a base limit of $76,200. d).8% with a base limit of $7,000. .4;. This law requires most employers to pay an hourly employee more per hour for any hour over 40 during a work week. a) Federal Insurance Contributions Act b) Federal Income Tax Act c) Fair Labor Standards Act d) Fair Employment Act The Federal Insurance Contributions Act is better known as: a) FIT b) workers' compensation c) FICA d) FUTA .6. ..The amount of federal income tax withheld is computed using tje: a) employee's income, number of allowances, and marital status. b) net earnings and Form W-4. c) W-2 charts. J) FICA tax tables. 7.1. There are two parts to FICA: a) old age benefits and workers' compensation b) retirement and income tax withholdings. c) OASDI and Medicare. d) All of these answers are correct