Employers' responsibilities for payroll do not include:
A)Providing each employee with an annual report of his or her wages subject to FICA and federal income taxes along with the amount of these taxes withheld.
B)Filing Form 941,the Employer's Quarterly Federal Tax Return.
C)Filing Form 940,the Annual Federal Unemployment Tax Return.
D)Maintaining individual earnings records for each employee.
E)Recording the employee Federal Income Tax withholding as a debit to the Federal Income Tax Expense account.

Question

Quizplus · Accepted Answer

Employers are responsible for maintaining accurate payroll records, including individual earnings records for each employee, and for filing necessary tax forms such as Form 941 and Form 940. They must also provide employees with annual wage and tax statements. However, recording the employee Federal Income Tax withholding is not debited to a Federal Income Tax Expense account; instead, it is recorded as a liability because it is an amount the employer owes to the government, not an expense of the employer.

Employers' Responsibilities for Payroll Do Not Include