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1.
Federal and state unemployment taxes are paid by _______.
Employers. Employees do not contribute to them.
2.
Employers who withhold and pay more than $50,000 in payroll taxes must report and deposit those taxes _______.
Semi-weekly. As a rule, the more you withhold, the more frequently you must report and deposit it.
3.
Only employees pay Social Security taxes on their earnings.
False. Employers pay the same amount on behalf of their employees, according to how much the employees pay.
4.
The purpose of the W-4 form that you fill out when starting a new job is to determine _______.
How much should be withheld from your paycheck for federal income taxes. The W-4 helps you and your employer avoid overpaying or underpaying throughout the year.
5.
Payroll taxes include _______.
All of the above. These are all taken out of an employee's payroll.