Final answer:
Employers have multiple roles in federal income taxes: they collect taxes from employees’ wages, report these withholdings to the government, and deposit them to the proper authority. The correct answers are A) Collector C) Reporter D) Depositor
Step-by-step explanation:
The employer's role in federal income taxes encompasses several responsibilities. An employer acts as a Collector of taxes through deductions from an employee's wages. These deductions often include income tax, social security contributions, and other insurances such as unemployment and disability.
As a Reporter, the employer must accurately report these withholdings to the government on a regular basis, typically quarterly or annually. Additionally, an employer serves as a Depositor of these collected taxes, paying them to the taxing jurisdiction.
It's important to note that although employers contribute to payroll taxes on behalf of their employees, this cost may be indirectly passed on to the employees through lower wages. Lastly, the employer is not a Payee in this context, as they are not the recipient of the tax funds but are responsible for their collection and remittance.They are not considered payees as they do not receive taxes but are responsible for their collection and remittance.