Solved

Payroll Tax Deductions, Such Federal Withholding and State Withholding Taxes

Question 9

Multiple Choice

Payroll tax deductions, such federal withholding and state withholding taxes, are formatted in what section and subsection of a Balance Sheet?


A) Payroll Taxes Payable: Liability
B) Payroll Taxes Payable: Asset
C) Direct Costs: Expense
D) Direct Costs: Indirect Cost

Correct Answer:

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