Employer payroll taxes:
A)Are added expenses beyond that for the wages and salaries earned by employees.
B)Represent the federal taxes withheld from employees.
C)Represent the social security taxes withheld from employees.
D)Are paid by the employee.
E)Are payable for up to a maximum $118,500 of employee earnings.

Question

Quizplus · Accepted Answer

Employer payroll taxes are additional expenses incurred by the employer beyond the salaries and wages paid to employees. These taxes include federal and state unemployment taxes, social security taxes, Medicare taxes, and in some cases, state disability taxes. These taxes are not paid by the employees, but rather by the employer as part of their responsibility and obligation to withhold and remit payroll taxes on behalf of their employees. The maximum amount of employee earnings subject to social security taxes is $118,500 in 2016.

Employer Payroll Taxes