quiz 4 Financial Accouting II – savvyessaywriters.net | Savvy Essay Writers
quiz 4 Financial Accouting II – savvyessaywriters.net | Savvy Essay Writers
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The taxes imposed under the Social Security Act consist of:2.FICA defines all of the following as employees except:3.FICA excludes from coverage all of the following kinds of employment except:4.FICA defines all of the following as wages except:5.Each of the following items is accurately defined under FICA as taxable wages except:6.Which of the following payments are not taxable for FICA?7.The OASDI taxable wage base is correctly defined as:8.Which of the following statements does not describe an employee’s FICA taxes and withholdings?9.The FICA tax rates for the self-employeds are:10.Which of the following deposit requirements pertains to a monthly depositor who has accumulated employment taxes of $2,900 at the end of October?11.Which of the following deposit requirements pertains to a semiweekly depositor who has accumulated employment taxes of $17,500 on payday, Saturday, May 15?12.To be designated a semiweekly depositor, how much in employment taxes would an employer have reported for the four quarters in the lookback period?13.Which of the following deposit requirements pertains to a nonagricultural employer who has employer FICA taxes and withheld employee FICA taxes and income taxes of $125,000 at the end of payday on Friday, August 15?14.Ashe, an employer, has made timely deposits of FICA taxes and withheld income taxes during the third quarter. The last day of October is Sunday. The latest date on which Ashe may file Form 941 is:15.Barr fails to make a timely deposit of FICA taxes and withheld income taxes until five days after the due date. The penalty facing Barr is: