Which of the following payroll items is included on the Balance Sheet?
A) Health insurance expense
B) Salaries and wages expense
C) Payroll taxes expense
D) Federal withholding tax payable

Question

Quizplus · Accepted Answer

Federal withholding tax payable is a liability and is included on the Balance Sheet, while the other items listed are expenses and are included on the Income Statement.

Which of the Following Payroll Items Is Included on the Balance