Identify Each of the Following Payroll Taxes as an (A)Employer

question 133

Short Answer

Identify each of the following payroll taxes as an (A)Employer Payroll Tax,(B)Employee Payroll Tax,or (C)Both.
1.FICA-Social Security taxes
2.FICA-Medicare taxes
3.FUTA (federal unemployment taxes)
4.SUTA (state unemployment taxes)
5.Employee federal income taxes
6.Employee state and local income taxes

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Definitions:

Dental Clinic

A healthcare facility specializing in the diagnosis, prevention, and treatment of diseases and conditions of the oral cavity.

Poisson Distribution

A probability distribution that indicates the likelihood of a specific number of occurrences happening within a certain time or space period, given that these occurrences happen at a constant average rate and are independent of the time elapsed since the prior occurrence.

Exponential Distribution

A statistical model that represents the intervals between occurrences in a continuous and independent process happening at a steady average pace.

Exponential Distribution

A statistical distribution used for modeling the time between events in a process where events occur continuously and independently at a constant average rate.