Match Each Payroll Item That Follows to the One Item

question 118

Multiple Choice

Match each payroll item that follows to the one item (a-f) that best describes its characteristics.
-FICA-Social security

• A)Amount is limited, withheld from employee only
• B)Amount is limited, withheld from employee and matched by employer
• C)Amount is limited, paid by employer only
• D)Amount is not limited, withheld from employee only
• E)Amount is not limited, withheld from employee and matched by employer
• F)Amount is not limited, paid by employer only

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Definitions:

Debt/equity Ratio

A ratio used to determine how much of a company's assets are financed through equity versus debt.

Tax Shield

A deduction from taxable income that results in a reduction of taxes owed, often associated with interest expense, depreciation, or other deductions.

Tax Rate

The portion of income or profits the government takes as tax from a person or company.