The payroll tax which is paid by both the employee and the employer is:
A)FICA
B)FUTA
C)SUTA
D)Federal Income Taxes

Question

Quizplus · Accepted Answer

FICA stands for Federal Insurance Contributions Act, which is a payroll tax that is paid by both the employee and employer. It includes taxes for Social Security and Medicare. B) FUTA is the Federal Unemployment Tax Act, which is paid by the employer only. C) SUTA is the State Unemployment Tax Act, which is also paid by the employer only. D) Federal Income Taxes are not specifically a payroll tax, as they are based on the individual's income and are paid by the employee only.

The Payroll Tax Which Is Paid by Both the Employee