Which of the following accounts is an expense account in which an employer records the FICA, FUTA, and SUTA taxes?
A) Wages Expense
B) Payroll Taxes
C) SUTA Taxes Payable
D) Salaries Payable
E) None of the above

Question

Quizplus · Accepted Answer

Payroll taxes are a type of expense account in which an employer records FICA, FUTA, and SUTA taxes. Wages expense is a separate account used to record payments made to employees for work performed, while SUTA taxes payable and salaries payable are liabilities accounts.

Which of the Following Accounts Is an Expense Account in Which