Payroll Taxes and Benefits Expense includes all of the following except
A)federal income taxes.
B)Social Security taxes.
C)Medicare taxes.
D)unemployment taxes.

Question

Quizplus · Accepted Answer

Federal income taxes are not included in Payroll Taxes and Benefits Expense because they are a liability of the employee, not an expense of the employer. The employer merely withholds these taxes from the employee's paycheck and remits them to the government.

Payroll Taxes and Benefits Expense Includes All of the Following