Which of the following is NOT a component of Federal Employment Tax?

The correct answer is C, property tax, because property tax is not part of the Federal Employment Tax system. Federal Employment Taxes encompass specific taxes imposed on employers and employees to fund various social welfare programs administered by the federal government.

Social Security, Federal unemployment tax, and Medicare are all integral components of Federal Employment Tax.

• Social Security taxes provide benefits for retirees, the disabled, and survivors of deceased workers.
• The Federal unemployment tax is used to fund state unemployment insurance programs, helping jobless workers.
• Medicare taxes support the federal health insurance program for individuals aged 65 and older, as well as certain younger individuals with disabilities.

Property tax, on the other hand, is a tax levied by local or state governments on real estate properties and is not involved in the employment tax structure at the federal level. Hence, it is not a component of Federal Employment Tax.