What type of account is Payroll Tax Expense?

Name: What type of account is Payroll Tax Expense?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Payroll Tax Expense is an expense account that is used to record the amount of payroll taxes that an employer owes to the government. This amount is calculated based on the employee's gross pay and includes taxes such as Social Security, Medicare, and federal, state, and local income taxes. Therefore, Payroll Tax Expense is a type of expense account.

What Type of Account Is Payroll Tax Expense