150. Match each of the following terms a through j with the appropriate definitions1 – 10. a. FUTA taxesb. Contingent liabilityc. Merit ratingd. Long-term liabilitye.Estimated liabilityf.Net payg.Wage...

_____ 1.

A measure provided by a state to employers that reflects a company’s stability in employing workers.

_____ 2.

Taxes that fund Social Security and Medicare,assessed on both employer and employees under the Federal Insurance Contributions Act.

_____ 3.

Known obligations of an uncertain amount that can be reasonably estimated.

_____ 4.

Obligations of a company requiring payment in more than one year or operating cycle.

_____ 5.

Gross pay less all tax and voluntary deductions.

_____ 6.

A table of amounts of income tax to be withheld from employees’ wages.

_____ 7.

A potential obligation that depends on a future event arising from a past transaction.

_____ 8.

A seller’s obligation to replace or correct a product or service that fails to perform as expected within a specified period.

_____ 9.

A number indicated on an employee’s Form W-4 that is used to reduce the amount of federal income tax withheld from an employee’s pay.

_____10.

Payroll taxes on employers assessed by the federal government to support the federal unemployment insurance program.