Which of the following are included in the employer's "Payroll Tax Expense"? 01. employee income tax deducted, employer portion of CPP/QPP and El O2. employer portion of CPP/QPP and El, union dues 3. employer portion of CPP/QPP and El only 4. employer portion of El, union dues, and employee income tax deducted M Which statement about contingencies is correct? 1. It involves only potential economic outflows of resources. 2. It is a possible condition that depends upon the outcome of a future event. 3. It involves uncertainty about either the timing or the amount of payment. 4. It is an existing condition that depends upon the outcome of a future event