Employees are subject to taxes withheld from their paychecks.  Please indicate the federal taxes that are withheld from most employee paychecks.  Please let us know why deductions from employees' earnings are classified as liabilities for the employer.

Q: Employers pay both social security and unemplolyment taxes. O True False

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Identify two different types of deductions that an employer is required to subtract from a

A: There are several deductions from paycheck but two are absolutely necessary other are optional.

Q: Payroll Accounting under FUTA, what conditions must be met for a person or business to be…

A: Because you have posted multiple question we will answer the first question only and for thr…

Q: Which of the following is paid by both the employer and the employee? Group of answer choices Social…

A: Payroll tax: Payroll taxes refer to the taxes which are equally contributed by employees and…

Q: The wage base for unemployment compensation taxes are: a.  all wages paid but not including those…

A: The correct answer is Option (a).

Q: 1. Form 1096 is completed by the employer and submitted to the IRS for what purpose? Answer:   A.…

A: Various taxes and forms are introduced by the Internal Revenue Services (IRS) in relation to the…

Q: It is mandatory for both the employer and employee to pay​ ________.

A: Payroll accounting:   The process of payroll accounting includes the computation and payment of…

Q: For each of the listed payroll-related taxes, indicate whether they generally apply to employees…

A: Payroll taxes are taxes paid to Internal Revenue Service (IRS) and withheld, charged or levied on…

Q: Explain how a Bonus arrangement can be used to defer the taxes paid by an employer?

A: Deferral of tax refers to the postponing the tax payment to the next period. In other words, when…

Q: Match each payroll item that follows to the one item (a–f) that best describes its characteristics.…

A: Payroll tax expenses: The costs incurred by an employer to pay the employee for his labor, including…

Q: Which payroll taxes are the responsibility of the employee and which are the responsibility of the…

A: Introduction: Payroll taxes: Payroll taxes are levied on both employers and employees and are…

Q: For each of the following payroll-related taxes, indicate whether they generally apply to (a)…

A: Payroll Accounting: The process of payroll accounting includes the computation and payment of…

Q: An independent contractor or self-employed person's employer is not required to deduct taxes, CPP,…

A: Benefits provided by employers when an employee works for a company, then every employer has to…

Q: Which payroll tax is imposed on both the employee and the employer? a. federal income tax b.…

A: Payroll taxes are levied on salaries and self-employment income by the federal government, and the…

Q: The employer is responsible for which of the following payroll taxes? a. 6.2% FICA—OASDI tax b.…

A: Payroll taxes: Payroll taxes are the taxes withheld by the employers from the wages/salary payable…

Q: Why are deductions made by an employer from the employees' earnings/pay classified as liabilities to…

A: AN EMPLOYER HAS THE RIGHT TO MAKE DEDUCTION'S FROM EMPLOYEE'S EARNINGS OR PAY . THESE DEDUCTIONS CAN…

Q: Employees are subject to taxes withheld from their paychecks.a. List the federal taxes withheld from…

A: Payroll: The total payment that a company is required to pay to its employee for the services…

Q: Statement 1: The fringe benefit tax shall be treated as a final income tax on the employee which…

A: In the given question, two statements are given related to fringe benefit tax and four options. We…

Q: proper plan

A: The obligation for collecting and remitting withholding taxes to the Internal Revenue Service lies…

Q: Independently considering each of the following statements regarding Form W-2 (Wage and Tax…

A: The employer makes deductions from the employee’s salary and therefore there is some legal…

Q: Which of the following statement is/are true 1.The fringe benefit tax shall be treated as a final…

A: In the given question, we need to describe which statements are true out of following :- 1.The…

Q: The more dependents that are claimed, the less tax is withheld from an employee's paycheck.

A: Dependent represents the person who is dependent on the taxable person. The taxable person needs to…

Q: In a payroll journal entry, a credit to Federal Withholding Tax Payable indicates a.Federal taxes…

A: Solution: In payroll journal entry, Payroll expense are debited, amount paid to employee is credited…

Q: Employers are required to keep records of all of the following except:  Select one: Personal data…

A: Employer should maintain all the data related to there business activities which helps during the…

Q: Which of the following is not an employer payroll tax?

A: Federal income tax is the liability of the employee to pay tax on the income and is deductible from…

Q: Which payroll taxes are the employee’s responsibility and which are the employer’s responsibility?

A:

Q: Which of the following payroll related taxes are paid by the employer? Choose the best answer. Group…

A: Social Security Tax and Medicare Tax are taxes that are deducted from employee's salary. There are…

Q: The portion of FICA taxes designated as Medicare is paid by a.employees only. b.the employer and the…

A: FICA is a U.S. federal payroll tax. FICA stands for The Federal Insurance Contributions Act.

Q: Why is it critical for employers to properly arrange their employees' taxes

A: Introduction :  Withholding taxes are collected and sent to the Internal Revenue Service (IRS) by…

Q: substituted Filing of Tax Return is applicable

A: First option is wrong because the substituted filing of tax return is available to the employee who…

Q: All the listed benefits paid by an employer are required to be included in an employee's income for…

A: Taxable benefits: These includes all the benefits that are received by an employee from his…

Q: Please explain the tax implications of compensation in the form of salary and wages from the…

A: SOLUTION COMPENSATION IN THE FORM OF SALARY AND WAGES : COMPENSATION REFER TO THE CASH PRIZES THAT…

Q: Payroll tax expense related to this employee will be:

A: Income tax refers to the amount paid by an individual or company to the government for financing the…

Q: Is Social Security Tax & Medicare tax calculated on all gross wages in a pay period?

A: Earnings subjected to the Social Security (SS) portion of the FICA tax are considered as SS wages.…

Q: The sole purpose of Social Security taxes is to provide retirement benefits to employees. True…

A: * As per Bartleby policy, if question contains multiple subparts then answer first three only. 1.…

Q: To calculate the debit to payroll tax expense in recording the employer's payroll taxes the…

A: Employer payroll taxes means those tax expenses that are incurred by employer on behalf of employees…

Q: Question 5: Which of the following employee taxes is matched by the employer? Answer: A. State…

A: Introduction:- Payroll taxes are the state and federal taxes. As an employer, are responsible to…

Q: Tax withheld from an independent contractor is known as: a. Social Security Tax b. Federal income…

A: The independent contractor is liable to pay self employed tax that includes social security tax.

Q: the amount of payroll tax withheld from an employee’s paycheck by an employer is  a current…

A: Answer with explanation are as follows

Q: Why are deductions from employees’ earnings classified as liabilities for the employer? For each of…

A: Payroll: The total payment that a company is required to pay to its employee for the services…

Q: Employees are subject to FUTA taxes, which are not deducted from their pay. A. True B, False

A: This question deals with Employees are subject to FUTA taxes,

Q: FUTA taxes impose on employees and therefore are not deducted from employee wages.   A.  True B,…

A: Given statement is false.

Q: 1. Which of the following items is normally NOT assessable under salaries tax? a. Payment in lieu…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Employee payroll taxes do not include: a) Federal unemployment taxes. b) State Income taxes. c )…

A: Employee payroll taxes are those taxes that are paid by the employee or it can be said that the…

Q: What happens to the money withheld from employees' paychecks by their employers?

A: The withheld money from the employees paycheck will be deposited as tax to the government officials…

Q: Payroll Accounting Payments that are exempt from Federal Income Taxes? How many allowances to claim…

A: Following are the answers to given problems

Q: what are the rules for calculating taxes if an employee has more than one employer?

A: Following are the rules for calculating taxes if an employee has more than one employer