Question
The purpose of this discussion is to consider and determine the effects of different withholdings, expenses, and liabilities as they relate to the journalizing and
The purpose of this discussion is to consider and determine the effects of different withholdings, expenses, and liabilities as they relate to the journalizing and reporting of payroll associated items. Your discussion question response must include a minimum of two paragraphs in length.
When considering the different withholdings and liabilities associated with the payroll function, which obligations do you find create an additional expense for the company vs. those which are funded through withholdings from employee earnings? Are there any differences in how we record for items funded through withholdings from employee pay vs those funded by the employer?
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