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sp2606 [1]
3 years ago
5

Which of the following taxes does not represent a common payroll deduction?

Business
1 answer:
Lisa [10]3 years ago
7 0

Answer: C - State unemployment taxes

Explanation: State unemployment taxes are payroll taxes paid by employers of labour to the state unemployment fund.

It is paid on behalf of their employees to the state and it is used by the State Government to support unemployed citizens.

The rate of State Unemployment tax is not fixed, the rate is decided by each state and can be changed annually.

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FICA taxes (or payroll taxes) are based on an employee's salary. Both employees and employer pay FICA taxes for Social Security and Medicare. Employers withhold these taxes from their employees' paychecks, and then pays them to the Internal Revenue Service (IRS).

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A company resells 10,000 shares of treasury stock for $22 per share. The stock was purchased in a previous year for $18 per shar
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$0, income statement s not affected.

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2 years ago
TB 01-85 Payment of accounts payable decreases both I...
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3 years ago
Suppose the price of tablets increases by 8 percent and producers respond by increasing the quantity supplied by 20 percent. The
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For every 1% that the price increases, the quantity supplied will increase by 2.5%.

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