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In January 2020, an employer remits the state unemployment tax that pertains to its employees wages for Q4 2019. Under accrual accounting, on which income
In January 2020, an employer remits the state unemployment tax that pertains to its employees wages for Q4 2019. Under accrual accounting, on which income statement will the state unemployment tax expense appear and what account will the company debit when the payment is made?
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2019 & Payroll Tax Payable
2020 & Accounts Payable
2019 & Payroll Tax Expense
2020 & Prepaid Expense
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