Question

In: Accounting

____   14.   Which of the following would be used to compute the federal income taxes to...

____   14.   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.

wage bracket and withholding table

____   15.   The total earnings of an employee for a payroll period is referred to as

a.

take-home pay

b.

pay net of taxes

c.

net pay

d.

gross pay

Solutions

Expert Solution

14
Wage bracket and withholding table would be used to compute the federal income taxes to be withheld
Wage bracket and withholding table contain the basis of calculations for federal income taxes to be withheld
Option D is correct
15
The total earnings of an employee for a payroll period is referred to as gross pay
Option D is correct

ekkarill92 answered 1 year ago
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