Match each payroll item that follows to the one item (a–f) that best describes its characteristics.
a.
Amount is limited, withheld from employee only
b.Amount is limited, withheld from employee and matched by employer
c.Amount is limited, paid by employer only
d.Amount is not limited, withheld from employee only
e.Amount is not limited, withheld from employee and matched by employer
f.Amount is not limited, paid by employer only
182.Federal income tax
183.FICA – Social security
184.FICA – Medicare
185.Federal unemployment compensation tax (FUTA)
186.State unemployment compensation tax (SUTA)
Use the following key (a–d) to identify the proper treatment of each contingent liability.
a.Record only
b.Record and disclose
c.Disclose only
d.Do not record or disclose
187.Event is reasonably possible and amount is estimable
188.Event is reasonably possible but amount is not estimable
189.Event is probably and amount is estimable
190.Event is probable but amount is not estimable
191.Event is remote and amount is estimable
192.Event is remote and amount is not estimable