Parrish Sales withholds $720 from Art Parrish's pay cheque for income tax. This amount is part of the company's payroll tax expense.

Name: Parrish Sales withholds $720 from Art Parrish's pay cheque for income tax. This amount is part of the company's payroll tax expense.
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Question

Quizplus · Accepted Answer

The $720 withheld from Art Parrish's paycheck for income tax is not a payroll tax expense for the company; it is a liability that the company must remit to the government on behalf of the employee.

Parrish Sales Withholds $720 from Art Parrish's Pay Cheque for Income