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Which of the following specimen handling combinations is incorrect?
Payroll Tax Expense
The employer’s expense associated with the employment taxes (Social Security, Medicare, and unemployment taxes) on the wages paid to employees.
Federal Unemployment Taxes
Taxes paid by employers based on employee wages/salaries to fund unemployment compensation to workers who have lost their jobs.
Medical Insurance
Health care insurance for which premiums may be paid through a deduction from an employee’s paycheck.
State Income Tax
Taxes levied on income by individual states, varying widely in rate and structure from state to state.
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