The employer must pay the amount owed for Social Security and Medicare by the business plus the amount withheld from the employee to the IRS.
Correct Answer:
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Q1: Employers are allowed a credit against the
Q2: Self-employment tax is double the Social Security
Q3: One-half of the self-employment tax is really
Q6: If an employer wishes,the FUTA tax may
Q7: The FUTA tax applies to all employee
Q8: Form 941 is called the Employer's Quarterly
Q9: Employers' payroll taxes include FICA,FUTA,and SUTA taxes.
Q12: The due date for payroll taxes is
Q13: Persons earning self-employment income of $400 or
Q14: Self-employment tax is a contribution to the
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