Answered: Employers are responsible for paying…

Employers are responsible for paying FICA taxes, but are not responsible for paying state and federal unemployment taxes. True or false

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter9: Payroll Accounting: Employer Taxes And Reports

Section: Chapter Questions

Problem 10RQ

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Question

Employers are responsible for paying FICA taxes, but are not responsible for paying state and federal unemployment taxes.

True or false

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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