Ch 10 Obj 3 Question To match revenues & expenses properly, should the expense for employee vacation pay be recorded in the period during which the vacation privilege is earned or during the period in which the vacation is taken? Explain. Ch 10 Obj 1&2 Question Employees are subject to taxes withheld from their paychecks. (a) List the federal taxes withheld from most employee paychecks. (b) Give the title of the accounts credited by amounts withheld. (c) Why are deductions from employees' earnings classified as liabilities for the employer? Ch 09 Obj 1&2 Question #1 For each of the three depreciation methods - Straight-line, Units-of- activity, & Double-declining balance - state their biggest advantage, biggest disadvantage, how this method affects income taxes, & when it would be most appropriate to use this method & why. Ch 09 Obj 1&2 Question #2 List all of the differences between ordinary maintenance/repairs, extraordinary repairs, and asset improvements. Give an example for each (other than what's in your textbooks), original real-world examples Ch 10 Obj 3 Question To match revenues & expenses properly, should the expense for employee vacation pay be recorded in the period during which the vacation privilege is earned or during the period in which the vacation is taken? Explain