Please answer True or False Thank You

The medicare and social security taxes that are taken out of employee's salaries and wages are known as FICA taxes ? True or False

We only count assets that are "tangible" on the balance sheet. True or False

The name of the expense used to track the cost of inventory that has been sold in the current period is called Cost of Goods Purchased True or False

The only cost that matters when calculating how much land should be valued at on the balance sheet is the purchase price. True or False

Employees pay unemployment tax True or False