Asked by

aaliyah harvey
on Nov 13, 2024

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Which of the following taxes are employers required to withhold from employees?

A) FICA tax
B) FICA tax and state and federal unemployment tax
C) state unemployment tax
D) federal unemployment tax

FICA Tax

Federal Insurance Contributions Act tax, a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.

Federal Unemployment Tax

A tax paid by employers to fund the unemployment compensation program for laid-off workers.

State Unemployment Tax

A tax that employers pay to fund the unemployment benefits provided to workers who have lost their jobs.

  • Pinpoint the various taxes and deductions part of the process in determining net wages.
  • Understand employer responsibilities in withholding and remitting payroll taxes.
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Achuta SahooNov 18, 2024
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