Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Payroll taxes dedicated from an employees earning are recorded in what type of account? Assets Accounts Payable Long Term Liabilities Other Current liabilities 2,

1. Payroll taxes dedicated from an employees earning are recorded in what type of account?

  1. Assets
  2. Accounts Payable
  3. Long Term Liabilities
  4. Other Current liabilities

2, FICA-Social Security Tax and FICA-Medicare Tax are paid by the?

  1. Employee
  2. Employer
  3. Bother the employee and employer
  4. Local taxing authority

3. The payroll report that list each employees earning and deduction is the?

  1. Current Earnings Report
  2. Payroll Journal
  3. Payroll Tax Report
  4. Tax Liability Report

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services An Integrated Approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan

18th Edition

0137879199, 9780137879199

More Books

Students also viewed these Accounting questions

Question

Is the style consistent?

Answered: 1 week ago

Question

Does your strategic intent play to your strengths?

Answered: 1 week ago