What is the basic difference between liability insurance and collision insurance?
a. liability insurance covers only medical injuries, and collision insurance covers only property damage.
b. liability insurance covers damage that you cause, and collision insurance covers damage done to your vehicle.
c. liability insurance is optional, but most states require collision insurance.
d. liability insurance protects against theft or vandalism, and collision insurance covers against accidents or crashes.

On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60