Mayfield,Inc.withholds $720 from Stephen's paycheck for federal income tax.This amount is part of the company's payroll tax expense.

Name: Mayfield,Inc.withholds $720 from Stephen's paycheck for federal income tax.This amount is part of the company's payroll tax expense.
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Question

Quizplus · Accepted Answer

The $720 withheld from Stephen's paycheck for federal income tax is not part of the company's payroll tax expense; it is a deduction from Stephen's gross pay and is a liability for the company to remit to the government.