Match each payroll item that follows to the one item (a–f) that best describes its characteristics. - a. b. c. d. e. f. Federal income tax - a. b. c. d. e. f. FICA —Social security - a. b. c. d. e. f. FICA —Medicare - a. b. c. d. e. f. Federal unemployment compensation tax (FUTA) - a. b. c. d. e. f. State unemployment compensation tax (SUTA) a. Amount is limited, withheld from employee only b. Amount is limited, withheld from employee and matched by employer c. Amount is limited, paid by employer only d. Amount is not limited, withheld from employee only e. Amount is not limited, withheld from employee and matched by employer f. Amount is not limited, paid by employer only

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 51P

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

- a. b. c. d. e. f.	Federal income tax
- a. b. c. d. e. f.	FICA —Social security
- a. b. c. d. e. f.	FICA —Medicare
- a. b. c. d. e. f.	Federal unemployment compensation tax (FUTA)
- a. b. c. d. e. f.	State unemployment compensation tax (SUTA)

a.	Amount is limited, withheld from employee only
b.	Amount is limited, withheld from employee and matched by employer
c.	Amount is limited, paid by employer only
d.	Amount is not limited, withheld from employee only
e.	Amount is not limited, withheld from employee and matched by employer
f.	Amount is not limited, paid by employer only

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