Match the terms that follow with the correct definitions.
-Federal tax paid by the employee and matched by the employer

Question

Quizplus · Accepted Answer

FICA Medicare is the federal tax paid by the employee and matched by the employer for social security and Medicare.

Answer: H
 FUTA tax is a federal tax paid by employers to provide unemployment benefits to employees who have lost their job.

Answer: J
 Form W-2 is a statement of an employee's yearly wages and the amount of taxes withheld from their paycheck.

Note: The other terms are also related to taxes and employment records but do not match the specific definition given in the prompt.

Match the Terms That Follow with the Correct Definitions