17. The account created by QuickBooks as an offsetting account for Accounts Payable is

a. Opening Balance Equity.

b. Uncategorized Revenue.

c. Uncategorized Expenses.

d. Retained Equity.

18. When reversing Uncategorized Income the account credited is

a. Capital.

b. Sales.

c. Accounts Receivable.

d. Accounts Payable.

19. The total earnings for an employee for a specific pay period is called

a. Hourly pay.

b. Gross pay.

c. Salary income.

d. Net pay.

20. Taxes imposed on both the employer and employee are the

a. FUTA and SUI taxes.

b. FIT and SIT.

c. FICA and Medicare taxes.

d. SIT and SUI.