Answer :
FUTA or Federan Unemployment Tax is the only payroll tax that is paid by employer only and has no employee-paid proportion.
Payroll taxes are consisted of various kind of taxes. There are:
Income taxes are all paid by the employees. No employers are responsible to pay income taxes for their employees.
Social security tax is paid by both employer and employee with equal proportion. Both employee and employers paid 6.2% social security tax for each employee's wages. If an employee earns above the SS tax limit, which in 2022 is $147,000, an employee is no longer subjected to pay the 6.2% social security tax rate.
Medicare tax is another shared tax between the employers and employees. The medicare tax is 1.45% of each employee's wages. Both employees and employers have the same proportion. In medicare tax, there is no wage lilmit.
Unemployment taxes are divided into 2 kinds of taxes, Federal unemployment tax or FUTA and State unemployment tax or SUTA. FUTA is paid by employers only. The employeesdo not withhold any portion of FUTA. FUTA tax rate will be depended on the employee's state. SUTA is mostly paid by employers only. Employees are also responsible for SUTA in Alaska, New Jersey, and Pennsylvania.
Learn more about Payroll Taxes here: https://brainly.com/question/28427084
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Complete Question:
Which payroll taxes are paid by employers and have NO employee-paid proportion? Select all that apply.
- Federal income tax
- Federal unemployment tax
- Medicare tax
- State income tax
- Social security tax