The three basic payroll taxes imposed on most employers are:

1)

2)

3)

In which account are payroll taxes recorded?

What is the normal balance of that account? (debit or credit)

The same amount of FICA tax withheld by the employee must also be matched by the _____________.

Define FUTA

Is FUTA tax paid by the employees or employers?

The current rate of FUTA is ________ % on the first $ __________ of wages paid to each employee during the calendar year.

Define SUTA

Is the taxable base for SUTA the same in every state?

Define:

FUTA Payable account

SUTA Payable account