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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 42
Identify all correct statements concerning payrolls and related payroll costs.
a.oth employers and employees pay Social Security and Medicare taxes.
b.orkers' compensation premiums are withheld from employees' wages.
c.n employer's total payroll costs usually exceed total wages expense by about 7½ percent.
d.nder current law, employers are required to pay Social Security taxes on employees' earnings, but they are not required to pay for health insurance.
a.oth employers and employees pay Social Security and Medicare taxes.
b.orkers' compensation premiums are withheld from employees' wages.
c.n employer's total payroll costs usually exceed total wages expense by about 7½ percent.
d.nder current law, employers are required to pay Social Security taxes on employees' earnings, but they are not required to pay for health insurance.
Explanation
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Total payroll cost includes a number of ...
Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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