Which of the following is not an employer payroll cost

Asked by admin @ 05/11/2021 in Business viewed by 277 People

Which of the following taxes are not included in the employer's payroll tax expense? a.FICA taxes b.FUTA taxes c.Federal income taxes d.SUTA taxes

Answered by admin @ 05/11/2021

Federal income taxes are not included in the employer's payroll tax expense.

Explanation:

The monthly salary of the employees are calculated based on deducing some amount for various things. The net pay is only paid as the salary of the employer. Employer payroll can be calculated by deducting statutory and voluntary deductions from the total salary.

The statuary deductions are made by the employer on the compulsory basis whereas the voluntary deductions are based on wish of the employee. Some of the statutory deductions includes withholding of Federal income tax ,Social Security tax ,Medicare tax,Additional Medicare tax,State income tax and Various local tax.

Able, baker, and charles are engaged in the marketing to and enrollment of beneficiaries into medicare health plans. mr. able is an independent agent paid directly by a health plan. ms. baker is an independent agent paid through a field marketing organization (fmo). mr. charles is an independent agent paid for his work by a third-party marketing organization (tmo). how do the cms compensation rules apply to these three agents?

Asked by maham237 @ 13/01/2021 in Business viewed by 2747 persons

Which of the following is not an employer payroll cost

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