It Is Mandatory for Both the Employer and Employee to Pay

question 15

Multiple Choice

It is mandatory for both the employer and employee to pay ________.

• A) FICA
• B) SUTA
• C) employee income tax
• D) federal unemployment tax

---

Definitions:

Inventory Turns

A measure of how quickly inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Gross Margin

The difference between revenue and cost of goods sold, divided by revenue, expressed as a percentage.

Payroll Accrual

The recording of the earnings of employees that have been earned but not yet paid, typically used to accurately represent a company's liabilities.

Annual Payroll

The total amount of wages, salaries, bonuses, and other compensation paid by a business to its employees over a year.