Does an employer recognize payroll taxes as expenses on its income statement? Explain. O A. No. All payroll taxes are considered a liability of the employer. They are reported only on the balance sheet. O B. Yes. All payroll taxes incurred by the employer and withheld from the employee are recognized as expenses on the income statement. C. Only payroll taxes withheld from the employee's salary are included on the income statement, such as unemployment taxes and the employer's share of social security taxes. D. Employers record payroll tax expense on their income statements that includes the employer portion of FICA taxes and Medicare taxes, and the federal and state unemployment taxes