Asked by
Samuel Bebow
on Nov 14, 2024
Verified
Which one of the following payroll taxes is not withheld from an employee's wages because it is not levied on the employee?
A) Federal income tax
B) Federal unemployment tax
C) State income tax
D) FICA tax
Federal Unemployment Tax
A payroll tax paid by employers based on the wages paid to employees, used to fund state workforce agencies.
FICA Tax
Federal Insurance Contributions Act tax, a U.S. federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.
Federal Income Tax
A tax levied by the federal government on the annual income of individuals, corporations, trusts, and other legal entities.
- Understand the different types of payroll taxes and the distinction between those paid by the employer and those withheld from the employee.
Verified Answer
RH
Learning Objectives
- Understand the different types of payroll taxes and the distinction between those paid by the employer and those withheld from the employee.