Reference no: EM132318366

Answer the Following Questions:

Question 1 : Contract laborers get deductions for Social Security and Medicare taxes whenever they get paid.

A True

B False

Question 2 : Employees and employers are contributing to the same amount of social security and Medicare taxes starting 2011.

A True

B False

Question 3 : The employers contribute to the state unemployment and not the federal unemployment.

A True

B False

Question 4 : The federal withholding taxes are mandatory contributions of the employers.

A True

B False

Question 5 : The social security and Medicare taxes deducted from employees become the liabilities of the employers.

A True

B False

Question 6 : The 401-K pension plans of the employees are mandatory contributions of the employers.

A True

B False

Question 7 : The state unemployment tax rate is 0.8% of the gross pay per employee with no limit.

A True

B False

Question 8 : The Medicare tax rate is 1.45% of the gross pay with no limit.

A True

B False

Question 9 : Form 941 is used for federal unemployment taxes to be paid by the employers.

A True

B False

Question 10 : Form W-2 is the Employees Wage and Tax Statement which must be sent to employees no later than Jan. 31 of the following year the earnings were paid.

A True

B False