1. Which of the following is a false statement?

2. 		Federal and some state income tax laws require employers to withhold income tax from employees' pay and remit it to the government.
   		Social security taxes are paid by both the employee and the employer.
   		Federal and state unemployment taxes do not result in payroll tax expense to the employer.
   		The withholding of union dues does not result in payroll tax expense to the employer.

Which of the following is a true statement?

		Public companies must not amortize goodwill, but private companies can elect an accounting alternative that allows for the amortization of goodwill over a ten year period.
		Private companies must not amortize goodwill, but public companies can elect an accounting alternative that allows for the amortization of goodwill over a ten year period.
		Both private and public companies must amortize goodwill over a ten year period.
		Both private and public companies must not amortize goodwill.