Which of the following payroll items is not reﬂected on the income statement?
A) Salaries and wages expense
B) Payroll taxes expense
C) Health insurance expense
D) Federal withholding tax payable

Question

Quizplus · Accepted Answer

Federal withholding tax payable is a liability account and is not reflected on the income statement. Salaries and wages expense, payroll taxes expense, and health insurance expense are all expenses that are reflected on the income statement.

Which of the Following Payroll Items Is Not Reﬂected on the Income