Which of the following are included in the employer's payroll taxes?

Question

BlackTom AI · Accepted Answer

Question restatement: The task asks which items are included in the employer's payroll taxes, with four options to choose from.
Option 1: 'SUTA taxes' — State Unemployment Tax Act taxes: Employers pay these unemployment taxes to fund state unemployment programs. They are a standard part of employer payroll taxes, so this option is correctzy aligned with employer obligations.
Option 2: 'FUTA taxes' — Federal Unemployment Tax Act taxes: Employers pay FUTA to fund federal unemployment programs. This is another typical component of employer payroll taxes, making this option correct in the general sense.
Option 3: 'social security taxes' — This refers to the employer’s share of Social Security tax (a portion of FICA). In addition to withholding the employee portion, employers contribute their own share, so this is indeed included in employer payroll taxes.
Option 4: 'all are included in employer taxes' — This statement asserts that all of the above items are part of what employers pay as payroll taxes. Since SUTA, FUTA, and the employer portion of Social Security (along with Medicare under FICA) are standard employer obligations, this option correctly reflects the full set.
Analysis of potential misconceptions:
- If someone thought only SUTA or FUTA were included, that would omit one of the other unemployment taxes and the payroll tax components, which is inaccurate.
- If someone assumed only employee withholdings are taxes, they would miss the employer portion of Social Security and Medicare taxes (FICA), which are paid by the employer as well.
- The question centers on employer obligations, not total payroll tax withholding for employees; confusing these scopes can lead to incorrect conclusions.
Overall, recognizing that SUTA, FUTA, and the employer portion of Social Security (FICA) are all part of employer payroll taxes supports the inclusive option as correct. The phrasing in the provided answer set marks 'all are included in employer taxes' as the correct choice, which aligns with standard payroll tax responsibilities for employers.

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Which of the following are included in the employer's payroll taxes?

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Which of the following taxes would be deducted in determining an employee's net pay?

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The employee's contribution to Social Security is: (Check all that apply.) BlackTom题目解析

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Which of the following are included in the employer's payroll taxes?

查看解析

登录即可查看完整答案

类似问题

Which of the following taxes would be deducted in determining an employee's net pay?

True or False? In Sage 50, you need to enter the information in the Taxes tab of the employee records using the employee's completed TD1 forms.

Which of the following options is NOT a payroll tax charged in Canada?

What can you do to ensure that your business calculates, tracks, and remits the correct amount of payroll taxes for your employees, in compliance with Canadian tax laws?

Which is the correct process to set up payroll taxes?

Which of the following taxes is only paid by the employer?

Using the General Journal for XY Consumer Products (GJ01), the total Employment Insurance Payable for Account 2050 is:

The employee's contribution to Social Security is: (Check all that apply.) BlackTom题目解析

更多留学生实用工具

希望你的学习变得更简单

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