In: Accounting
Which of the following statements regarding payroll liabilities is true?
A. |
Accrued payroll includes such Federal Income Tax withholdings that are not yet paid. |
B. |
Only employees are required to pay FICA taxes. |
C. |
Both employers and employees are required to pay unemployment taxes. |
D. |
Accrued payroll liabilities do not include any voluntary deductions by employees for charitable contributions or union dues. |
Answer :
D. |
Accrued payroll liabilities do not include any voluntary deductions by employees for charitable contributions or union dues. |
as
Payroll liabilities includes what is actually due to employee in gross and dont include any deduction which employee himself has voluntarily instructed to deduct like charitable deductions