Question

In: Accounting

Which of the following statements regarding payroll liabilities is true? A. Accrued payroll includes such Federal...

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.

Solutions

Expert Solution

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


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