ID: A E Name 6. The account that is credited for the Social Security tax withheld from employee s earnings and the Social Security tax imposed on the employer is a. Social Security Tax Expense b. Social Security Tax Payable c. Payroll Taxes Expense d. Payroll Expense e, none of the above 7. The self employment tax rate is about twice the rate of a. Social Security and Medicare taxes b. FUTA taxes c, SUTA taxes d. property taxes e. sales taxes EXCEPT 8. journalize the employer's payroll taxes, we need to credit all of the following accounts To a. Payroll Taxes Expense b. Social Security Tax Payable c. Medicare Tax Payable d. FUTA Tax Payable e, none of the above 9. The Employer's Quarterly Federal Tax Return is a. a report of Social Security and Medicare employer taxes b. a report of Federal income tax, Social Security, and Medicare tax withholding c. Form 941 d a and b e, a, b, and c 10. An Employer Identification Number (EIN is obtained by the employer from the a. nearest Federal Reserve Bank b. CIA c. Internal Revenue Service d. nearest local federally insured bank e, state unemployment office 11. To journalize the payment of social Security tax to the IRS, the correct entry would be a. debit Social Security Tax Payable and credit IRS b. debit Social Security Tax Payable and credit Social Security Payable c. debit Social Security Tax Payable and credit Cash d. debit Social Security Tax Payable and credit Payroll Taxes Expense e, debit Social Security Tax Expense and credit Cash