Match the terms below with the correct definitions.
-Taxes paid only by employers under the provisions of the Federal Unemployment Tax Act

Question

Quizplus · Accepted Answer

FUTA taxes are taxes paid only by employers under the provisions of the Federal Unemployment Tax Act.

Answer: C 
 An employer is a person or organization that employs people.

Answer: D 
 Gross pay is the total amount of money an employee earns before deductions are made for taxes, insurance, etc.

Answer: E 
 Workers' compensation laws are laws that require employers to pay benefits to employees who are injured or become ill as a result of their work.

Answer: F 
 The Employee's withholding allowance certificate (W-4) is a form that employees use to inform their employer how much federal income tax to withhold from their paycheck.

Answer: G 
 Exemptions are deductions from an employee's gross pay that are not subject to income tax, such as dependent allowances and personal exemptions.

Answer: H 
 An independent contractor is a person who works for themselves and provides services to others, but is not an employee.

Answer: I 
 FUTA taxes are taxes paid only by employers under the provisions of the Federal Unemployment Tax Act.

Answer: J 
 The Employee's individual earnings record is a document that shows an employee's total earnings, deductions, and net pay over a period of time.

Answer: A 
 FICA taxes are taxes that are paid by both employers and employees to fund Social Security and Medicare programs.

Match the Terms Below with the Correct Definitions