All of the following statements regarding FICA taxes are true except:Multiple ChoiceFICA taxes are deducted from the employee. A self-employed person is exempt from FICA taxes. An employer must pay FICA taxes equal to the amount withheld from the employee. Employers must pay withheld FICA taxes to the IRS. The amount of FICA deducted from the employee is credited to a liability account.

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)