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Which of the following statements regarding employee compensation is false? a.Cash paid to employees seldom equals the gross earnings of the employees b.Income taxes and
- Which of the following statements regarding employee compensation is false?
- a.Cash paid to employees seldom equals the gross earnings of the employees
- b.Income taxes and the employee's portion of social security taxes must be withheld from employee checks and remitted to the government
- c.Companies must pay a portion of each employee's social security to the government as well as federal and state unemployment taxes and workers' compensation taxes
- d.The fringe benefits provided to employees seldom exceed 5% of salary
- e.Accrued employee compensation and benefits are included as current liabilities on the employer's balance sheet.
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