Question : 96.All of the following employer payroll taxes except: A.Social Security tax : 1236360

 

96.All of the following are employer payroll taxes except:   

A.Social Security tax equal to that withheld from employees.

B.Medicare tax equal to that withheld from employees.

C.State unemployment tax.

D.Federal unemployment tax.

E.Federal income tax equal to that withheld from employees.

97.FUTA taxes are:   

A.Social Security taxes.

B.Medicare taxes.

C.Employee income taxes.

D.Unemployment taxes.

E.Employee deductions.

98.Which of the following is not true regarding the unemployment insurance program?    

A.It requires withholding from the employee wages.

B.It is administered by each state.

C.It provides unemployment benefits to qualified workers.

D.It adjusts rates paid by employers based on their merit rating.

E.It is a joint federal and state program.

99.The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee’s pay. Assume that an employee earned total wages of $9,900. What is the amount of total unemployment taxes the employer must pay on this employee’s wages?   

A.$336.00.

B.$420.00.

C.$534.60.

D.$594.00.

E.$0.00.

100.The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee’s pay. Assume that an employee earned total wages of $2,900 in the current period and had cumulative pay for prior periods of $5,800. What is the amount of unemployment taxes the employer must pay on this employee’s wages for the current period?   

A.$420.00.

B.$348.00.

C.$72.00.

D.$174.00.

E.$0.00.

101.An employee earned $43,300 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $117,000 maximum per year and the rate for FICA Medicare 1.45%. The employer’s total FICA payroll tax for this employee is:   

A.$8,950.50.

B.$5,638.05.

C.$3,312.45.

D.$2,684.60.

E.$0, since the FICA tax is only deducted from an employee’s pay.

102.An employee earned $128,500 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $117,000 maximum per year and the rate for FICA Medicare 1.45%. The employer’s total FICA payroll tax for this employee is:   

A.$9,117.25.

B.$9,830.25.

C.$879.75.

D.$8,950.50.

E.$0, since the FICA tax is only deducted from an employee’s pay.

103.An employee earned $62,500 during the year working for an employer. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee’s pay. What is the amount of total unemployment taxes the employee must pay?   

A.$101.50

B.$56.00

C.$378.00

D.$434.00

E.$0.00

104.Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a total of $8,288. FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%. The FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee’s pay. The amount of Federal Income Tax withheld from his earnings was $1,375.17. What is the amount of the employer’s payroll taxes expenses for this employee?    

A.$2,009.21

B.$1,131.31

C.$2,506.48

D.$420.00

E.$1,054.04

1FICA—Social Security$8,288 * 0.062 =$513.68

2FICA—Medicare$8,288 * 0.0145 =$120.18

3FUTA$7,000 * 0.006 =$42.00

4SUTA$7,000 * 0.054 =$378.00

105.Triston Vale is paid on a monthly basis. For the month of January of the current year, he earned a total of $5,210. FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%. The FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee’s pay. The amount of Federal Income Tax withheld from his earnings was $885.70. What is the amount of the employer’s payroll taxes expenses for this employee?    

A.$1,284.27

B.$312.60

C.$398.57

D.$711.17

E.$1,596.87

1FICA—Social Security$5,210 * 0.062 =$323.02

2FICA—Medicare$5,210 * 0.0145 =$75.55

3FUTA$5,210 * 0.006 =$31.26

4SUTA$5,210 * 0.054 =$281.34

 

 

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