Which of the following statements is false?
A) Payroll Tax Expense is an expense account.
B) FICA-OASDI Payable increases on the credit side of the account.
C) Payroll Tax Expense increases on the debit side of the account.
D) FUTA Tax Payable increases on the debit side of the account.

Question

Quizplus · Accepted Answer

FUTA Tax Payable, like other payable accounts, increases on the credit side, not the debit side. Payable accounts are liabilities and increase with credits.

Which of the Following Statements Is False