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1. The employer will match the employee\'s social security and medicare contribu

ID: 2502494 • Letter: 1

Question

1.The employer will match the employee's social security and medicare contribution.

2.The taxable earnings column of a payroll register shows the actual tax.

3.Overtime is always calculated at time-and-a-half the regular rate.

4.Circular E from Internal Revenue Service contains many tax tables.

5.A calendar year is July 1 to June 30.

6.Payroll registers cannot record cumulative earnings.

7.The percentage method can be used to determine the amount of FIT.

8.FUTA Tax is computed by the wage-bracket table.

Explanation / Answer

1) T

2) F

3) T

4) T

5) F

6) T

7) T

8) F