Question

Which tax is NOT paid by the empolyee?

		FUTA
		state incme tax
		medicare
		social security

1 points

Question 2

Which tax does NOT have maximum amount per employee?

		State Unemployment
		federal unemployment
		social security
		medicare

0.5 points

Question 3

The following are accounts that will appear in the entry torecord the journal entry for wages expense. Match the accounts withtheir position. You can use an answer more than once.

- A. B.	Wages Payable
- A. B.	Wages Expense
- A. B.	Income Tax payable
- A. B.	social security payable

A.	Debit
B.	Credit

0.5 points

Question 4

I am doing a journal entry for my payroll taxes. Which accountswill be debits and which will be credits? You can use an answermore than once.

- A. B.	medicare tax payable
- A. B.	payroll tax expense
- A. B.	social security payable
- A. B.	State Unemployment tax payable

A.	debit
B.	credit

Who pays the employee's income tax?

		emplyee only
		employer only
		both the emplyee and the employer
		the IRS

0.5 points

Question 6

An emplyee makes $700. His employer deducts $50 for income taxand $70 for social security and medicare. The employer pays $70 forsocial security and medicare and $10 for FUTA. How much does thisemployee cost the employer?

		$700
		$780
		$900
		$660