125. Match each of the following terms with the appropriate definitions. 1. A rating assigned to an employer by a state based on the employer's past record regarding stable employment Wage bracket withholding table 2. A potential obligation that depends on a future event arising from a past transaction Contingent liability 3. Obligations of a company not requiring payment within one year or the operating cycle, whichever is longer Warranty 4. Taxes assessed on both employer and employees under the Federal Insurance Contributions Act. These taxes fund Social Security and Medicare Long-term liability 5. Payroll taxes on employers assessed by the federal government to support the federal unemployment insurance program Estimated liability 6. A seller's obligation to repair or replace a product or service that fails to perform as expected within a specified period Withholding allowance 7. Gross pay less all deductions Merit rating 8. Known obligations of an uncertain amount that can be reasonably estimated FUTA taxes 9. A number that is used to reduce the amount of federal income tax withheld from an employee's pay Net pay 10. A table of amounts of income tax to be withheld from employees' wages FICA taxes

125. Match each of the following terms with the appropriate definitions. 1. A rating assigned to an employer by a state based on the employer's past record regarding stable employment Wage...

125. Match each of the following terms with the appropriate definitions.

1. A rating assigned to an employer by a state based on the employer's past record regarding stable employment	Wage bracket withholding table
2. A potential obligation that depends on a future event arising from a past transaction	Contingent liability
3. Obligations of a company not requiring payment within one year or the operating cycle, whichever is longer	Warranty
4. Taxes assessed on both employer and employees under the Federal Insurance Contributions Act. These taxes fund Social Security and Medicare	Long-term liability
5. Payroll taxes on employers assessed by the federal government to support the federal unemployment insurance program	Estimated liability
6. A seller's obligation to repair or replace a product or service that fails to perform as expected within a specified period	Withholding allowance
7. Gross pay less all deductions	Merit rating
8. Known obligations of an uncertain amount that can be reasonably estimated	FUTA taxes
9. A number that is used to reduce the amount of federal income tax withheld from an employee's pay	Net pay
10. A table of amounts of income tax to be withheld from employees' wages	FICA taxes

May 15, 2022