Question

1. What are the three important questions concerning the uncertainty of liabilities?

2. Which payroll taxes are the employee’s responsibility and which are the employer’s responsibility?

Answer 1

Answer:

What are the three important questions concerning the uncertainty of liabilities?

ans. The three questions are:

(1) Who must be paid?

(2) When is payment due?

(3) How much is to be paid?

Which payroll taxes are the employee’s responsibility and which are the employer’s responsibility?

ans: The employee is responsible for federal income taxes, state income taxes, local income taxes (if any), and the employee portion of the FICA taxes.  The employer is responsible for both federal and state unemployment taxes and the employer portion of the FICA taxes.