Which of the following would be used to compute the federal income taxes to be withheld from an employee's earnings?
A) FICA tax rate
B) wage and tax statement
C) FUTA tax rate
D) withholding table

Question

Quizplus · Accepted Answer

Withholding tables are used to calculate the federal income taxes to be withheld from an employee's earnings, based on their income, filing status, and number of allowances claimed. FICA tax rate is used to calculate Social Security and Medicare taxes, while FUTA tax rate is used to calculate federal unemployment taxes. The wage and tax statement provides information about an employee's earnings and tax withholdings but does not calculate the taxes to be withheld.

Which of the Following Would Be Used to Compute the Federal