Question 1: A number of important accounts are related to payroll. Generally, these include payroll related liabilities and payroll expenses. Payroll liabilities are commonly referred to as accrued payroll expenses. Examples of accrued payroll and a brief description include: Amounts withheld from employees' pay include income tax withholdings, retirement savings and pension contributions, union dues, and insurance premiums. These are all liabilities that must be paid to the appropriate parties. Accrued salaries and wages are payroll expenses that have been incurred, but not yet paid to employees, typically due a lag in when payroll is made. Accrued commissions are compensation earned by employees based on sales, but not yet paid. Accrued bonuses, if any, are bonus amounts determined by management, but not yet paid near year end. Accrued vacation pay, sick pay or other benefits are typically earned by employees as they work. For example, some companies grant one vacation day and one sick day per month that can be accumulated for use later or can be paid out in cash if not used. For each of the liabilities listed above, describe an audit procedure that can be used to test the detailed balance of the liability