TB MC Qu$.9-39($Static$)$ Which of the following statements is correct?

Which of the following statements is correct?

Multiple Choice

Unemployment taxes are paid by both the employer and the employee.

Social Security tax is paid only by the employer.

The pay period always ends in conjunction with the company's fiscal year$-$end.

Employee benefits such as vacation time and sick days should be recognized when the employees earn the benefit and not when they take the days off from work.