ACC 304 help A Guide to career/Snaptutorial ACC 304 help A Guide to career/Snaptutorial | Page 152

a. vested rights are normally for a longer period of employment than
are accumu-lated rights.
b. vested rights are not contingent upon an employee's future
service.
c. vested rights are a legal and binding obligation on the company,
whereas accumulated rights expire at the end of the accounting
period in which they arose.
d. vested rights carry a stipulated dollar amount that is owed to the
employee; accumulated rights do not represent monetary
compensation.
P50. An employee's net (or take-home) pay is determined by gross
earnings minus amounts for income tax withholdings and the
employee's
a. portion of FICA taxes and unemployment taxes.
b. and employer's portion of FICA taxes, and unemployment taxes.
c. portion of FICA taxes, unemployment taxes, and any voluntary
deductions.
d. portion of FICA taxes and any voluntary deductions.
51. Which of these is not included in an employer's payroll tax
expense?
a. F.I.C.A. (social security) taxes
b. Federal unemployment taxes
c. State unemployment taxes
d. Federal income taxes