The payroll taxes account is an expense account that is debited for the FICA, FUTA, and SUTA taxes on the employer.
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Q19: Tax withholdings from employees' pays reduce the
Q20: Once the journal entry for the payroll
Q21: If employees must contribute to the state
Q22: FICA Taxes Payable-OASDI is a liability account
Q23: Since the credit against the FUTA tax
Q25: The entry to record the employer's payroll
Q26: At the time that the entry is
Q27: The adjusting entry to record the accrued
Q28: Under the Uniform Unclaimed Property Act, any
Q29: When the federal tax deposit is made,
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