Asked by
Essynce Templeton
on Nov 18, 2024
Verified
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
SUTA
State Unemployment Tax Act; a type of payroll tax that employers are required to pay to the state to fund unemployment benefits.
Withheld
pertains to the portion of an employee's income that an employer retains as a prepayment for taxes to the government.
- Recognize the differences in payroll items and their influence on the monetary responsibilities borne by employees and employers.
Verified Answer
PL
Learning Objectives
- Recognize the differences in payroll items and their influence on the monetary responsibilities borne by employees and employers.