$1.$ Form W$-4$ is a form used by employers to determine the amount of federal taxes to withhold from their employees. $\_\_\_$True $\_\_\_\_2.$ Form W$-2$ is called the Wage and Tax Statement. $\_\_$True$\_\_\_\_\_3.$ An employees take home pay is equal to gross pay less all voluntary deductions. $\_\_$False$\_\_\_\_\_4.$ Taxes deducted from an employees earnings to finance social security and Medicare benefits are called FICA taxes. $\_\_\_$True$\_\_\_\_5.$ Generally, all deductions made from an employees gross pay are required by law. $\_\_\_$False$\_\_\_\_6.$ Payroll taxes are based on the employees net pay. $\_\_$False$\_\_\_\_\_7.$ Most employers are required to withhold federal unemployment taxes from employee earnings. $\_\_\_$False $\_\_\_\_8.$ FICA tax is a payroll tax that is paid only by employers. $\_\_\_$False$\_\_\_\_9.$ Medicare taxes are withheld from an employees pay only until the employee has earned a specific amount each year. $\_\_\_$False$\_\_\_\_10.$ Medicare taxes are paid by both the employee and the employer. $\_\_\_$True$\_\_\_\_11.$ Federal employment taxes are paid by the employer and the employee. $\_\_$True$\_\_\_\_\_12.$ Federal unemployment compensation taxes that are collected by the federal government are not paid directly to the unemployed but are allocated among the states for use in state programs. $\_\_\_\_$True$\_\_\_13.$ Like many taxes deducted from employee earnings, federal income taxes is subject to a maximum amount per employee per year. $\_\_\_$False$\_\_\_\_14.$ Federal unemployment compensation tax becomes an employers liability at the time the employee is paid. $\_\_$True$\_\_\_\_\_15.$ FICA tax becomes a liability to the federal government at the time an employees payroll is prepared. $\_\_$True$\_\_\_\_\_16.$ Payroll taxes only include social security and federal unemployment and state unemployment taxes. $\_\_\_$False $\_\_\_\_17.$ Federal income taxes withheld increase the employers payroll tax expense. $\_\_\_$False$\_\_\_18.$ The Employers Quarterly Federal Tax Return $(941)$ filed with the Internal Revenue Service reports social security contributions for the employees and employer, federal income taxes, and federal unemployment compensation taxes. $\_\_\_$False$\_\_\_\_19.$ Employers are required to compute and report payroll taxes on a calendar$-$year basis, even if a different fiscal year is used for financial reporting and income tax purposes. $\_\_$True$\_\_\_\_\_20.$ The FICA & Medicare tax rate is $6\mathrm{.}2\%.\_\_$False$\_\_\_\_\_$