Examlex
A small child asks his babysitter if he can play "tag." The child means the simple outdoor game wherein one player chases the other players until he or she can "tag" one of them with his or her hand to trade roles.However,the babysitter is confused and goes to the entertainment center to look for a DVD or a video game named "Tag." What phenomenon could be responsible for this confusion?
State Unemployment Tax
A tax that employers are required to pay to their state government to fund unemployment benefits for workers who have lost their jobs.
Payroll Tax Expense
This refers to the taxes that an employer is responsible for paying on behalf of its employees, which generally include social security and Medicare taxes.
FICA Taxes Payable
Taxes owed by an employer, employee, or both, to the Federal Insurance Contributions Act for Social Security and Medicare.
Employer's Payroll Taxes
Taxes that an employer must pay based on the wages and salaries of its employees, which can include Social Security taxes, Medicare taxes, and unemployment taxes.
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