pioye ecunty Answer: A. O is greater than the employee's Social Security ta 3. O is the same as the employee's Social Security ta O is less than the employee's Social Security tax D. can be any of the above

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter9: Payroll Accounting: Employer Taxes And Reports
Section: Chapter Questions
Problem 1RQ
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Question 9: Currently the employer's Social Security tax:
Answer:
А.
O is greater than the employee's Social Security tax
В.
is the same as the employee's Social Security tax
С.
is less than the employee's Social Security tax
D.
can be any of the above
Transcribed Image Text:Question 9: Currently the employer's Social Security tax: Answer: А. O is greater than the employee's Social Security tax В. is the same as the employee's Social Security tax С. is less than the employee's Social Security tax D. can be any of the above
Question 10: The FUTA credit applicable to a non-credit-reduction state is:
Answer:
A.
O 3.0%
3.6%
С.
5.4%
D.
6%
B.
Transcribed Image Text:Question 10: The FUTA credit applicable to a non-credit-reduction state is: Answer: A. O 3.0% 3.6% С. 5.4% D. 6% B.
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