The Payroll Tax Expense account is used to record which of the following taxes?

Name: The Payroll Tax Expense account is used to record which of the following taxes?
Brand: Quizplus
Rating: 4.7 (48 reviews)

Question

Quizplus · Accepted Answer

The Payroll Tax Expense account is used to record taxes related to employment, including Social Security and Medicare taxes (also known as FICA taxes) and Federal unemployment compensation tax. Federal Income Tax, State Income Taxes, and Sales Taxes are not typically recorded in the Payroll Tax Expense account.

The Payroll Tax Expense Account Is Used to Record Which