Which of the following payroll costs are shared equally by the employer and the employee? a....

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Which of the following payroll costs are shared equally by the employer and the employee? a....

Which of the following payroll costs are shared equally by the employer and the employee?

a. State unemployment taxes

b. Worker's compensation

c. Social security

d. Federal unemployment taxes

business accounting

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Answer 1

Answer #1

Social security payroll costs are shared equally by the employer and the employee.

Correct option is (c)

FICA - Social security taxes and medicare taxes are borne equally by the employer and the employee.

State unemployment taxes and Federal unemployment taxes are borne by the employer only.

Worker's compensation is also borne by the employer only.

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Answer 2

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Which of the following payroll costs are shared equally by the employer and the employee? a....

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