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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

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