The Federal Insurance Contributions Acta. requires employer FICA liabilities to be recorded upon issuance of an employee's paycheck.b. prohibits employees from paying FICA taxes before their paycheck is received.c. requires the employer to deposit FICA taxes immediately upon issuance of the employee's paycheck.d. requires deduction from employee paychecks to be made; these amounts are recorded as liabilities when withheld.
The Federal Insurance Contributions Acta. requires employer FICA liabilities to be recorded upon issuance of an employee's paycheck.b. prohibits employees from paying FICA taxes before their paycheck is received.c. requires the employer to deposit FICA taxes immediately upon issuance of the employee's paycheck.d. requires deduction from employee paychecks to be made; these amounts are recorded as liabilities when withheld.
Chapter9: Payroll, Estimated Payments, And Retirement Plans
Section: Chapter Questions
Problem 5MCQ
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The Federal Insurance Contributions Act
a. requires employer FICA liabilities to be recorded upon issuance of an employee's paycheck.
b. prohibits employees from paying FICA taxes before their paycheck is received.
c. requires the employer to deposit FICA taxes immediately upon issuance of the employee's paycheck.
d. requires deduction from employee paychecks to be made; these amounts are recorded as liabilities when withheld.
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