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

Question

BlackTom AI · Accepted Answer

To correctly assess which tax is paid only by the employer, consider the nature of common payroll taxes.
Option 1: FICA. This is a combined payroll tax that funds Social Security and Medicare, and both the employer and the employee contribute portions. So it is not paid only by the employer.
Option 2: FUTA. This stands for the Federal Unemployment Tax Act tax, which is specifically imposed on employers to fund unemployment benefits; employees do not pay FUTA. This makes FUTA unique among the listed taxes.
Option 3: Social Security tax. In practice, this is part of FICA and is divided between employer and employee, so it is not paid solely by the employer.
Option 4: Medicare tax. Also part of FICA, with contributions split between employer and employee, so again not employer-only.

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

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