Asked by Carmen LeMaster on Jun 24, 2024
Verified
Most employers are levied a tax on payrolls for
A) sales tax
B) medical insurance premiums
C) federal unemployment compensation tax
D) union dues
Federal Unemployment Compensation Tax
A federal tax imposed on employers to fund state workforce agencies and unemployment insurance.
Employer's Payroll Taxes
Taxes that employers are required to pay on behalf of their employees, such as social security and Medicare taxes in the United States.
- Recognize the types of taxes and deductions employers are responsible for in relation to payroll.
Verified Answer
JP
Jashan PreetJun 29, 2024
Final Answer :
C
Explanation :
Employers are required to pay federal unemployment compensation tax, which is a payroll tax used to fund unemployment benefits for workers who have lost their jobs. A and B are not applicable as sales tax and medical insurance premiums are not payroll taxes. D is not applicable as union dues are typically paid by employees, not employers.
Learning Objectives
- Recognize the types of taxes and deductions employers are responsible for in relation to payroll.
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