Match each of the following terms a through j with the appro…
Match each of the following terms a through j with the appropriate definitions 1 – 10. FUTA taxes Contingent liability Merit rating Long-term liability Estimated liability Net pay Wage bracket withholding table Warranty Withholding allowance FICA taxes ***Enter only the letter in the space below.*** 1. A rating 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 due after one year (or the company’s operating cycle if longer). 5. Gross pay minus all deductions. 6. A table used to compute federal income tax withheld from an employee’s gross wages. 7. A potential obligation that depends on a future event arising from a past transaction or event. 8. A seller’s obligation to replace or fix 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.