Which of the following are withheld from an employee’s salary? (Select all that apply.)Check All That ApplyEmployee portion of health insuranceEmployee portion of health insuranceFederal and state income taxesFederal and state income taxesFederal and state unemployment taxesFederal and state unemployment taxesFICA taxesFICA taxes
Question
Which of the following are withheld from an employee’s salary? (Select all that apply.)Check All That ApplyEmployee portion of health insuranceEmployee portion of health insuranceFederal and state income taxesFederal and state income taxesFederal and state unemployment taxesFederal and state unemployment taxesFICA taxesFICA taxes
Solution
The following are typically withheld from an employee's salary:
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Employee portion of health insurance: This is the amount that the employee is responsible for paying towards their own health insurance. It is typically deducted directly from their paycheck.
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Federal and state income taxes: These are mandatory deductions that go towards funding government services. The amount deducted depends on the employee's income, filing status, and allowances.
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FICA taxes: This stands for Federal Insurance Contributions Act. It is a federal payroll tax that is used to fund Social Security and Medicare. Both employees and employers contribute to these taxes.
However, Federal and state unemployment taxes are typically paid by the employer, not the employee, so they are not usually withheld from an employee's salary.
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