Question: please please answer all the questions incomplete answers will receive thumb down 1. Match each voluntary deduction with its description. Union dues Retirement plan Flexible

please please answer all the questions incomplete answers will receive thumb down

1.

Match each voluntary deduction with its description.

Union dues

Retirement plan

Flexible spending account

Medical plans

Owed by an employee belonging to a formalized employees' association

Monies to benefit the employee later in life

Funds withheld specifically for medical expenses

Reimbursement for qualified benefits, such as dependent care

2.

Which statement regarding state income tax is accurate?

Answer:

A.

Only half of the 50 states collect state income tax on employee taxable income.

B.

The rates are coordinated across states, meaning they're the same in all states.

C.

While not all state tax rates are the same, all states levy a flat tax (not a graduated tax) on employee earnings.

D.

For all states in which state income tax is imposed, it is a mandatory deduction.

3.

Which tax is no longer assessed after an employer exceeds a predetermined earnings level for the year?

Answer:

A.

Federal income tax

B.

State income tax

C.

Social Security tax

D.

Medicare tax

4.

Recall that Worksheet 4 applies to employees who completed the current Form W-4 and whose withholdings are determined using the percentage method. Identify the accurate statement.

Answer:

A.

Completing the worksheet is optional in some circumstances.

B.

The worksheet calculates both adjusted wage and tentative withholding amounts.

C.

Employers will not have to use tax tables to complete it.

D.

The worksheet determines annual withholding for the employee.

5. A married employee who earns $17/hour, works 36 hours during a recent week, is paid weekly, completed the pre-2020 Form W-4, and claims 6 federal withholding allowances has $_____ in federal income tax withholding under the wage-bracket method.

6.

When using the wage-bracket method with the current Form W-4, which wage amount is taken from Worksheet 2 for use in the tax tables?

Answer:

A.

The adjusted wages

B.

The taxable wages

C.

The gross wages

D.

The regular wages

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