All payroll deductions withheld from employees become an expense for the employer.

Name: All payroll deductions withheld from employees become an expense for the employer.
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Question

Quizplus · Accepted Answer

Payroll deductions withheld from employees, such as taxes, social security, and health insurance premiums, are not expenses for the employer but rather are liabilities until they are remitted to the appropriate party. The employer's expenses related to payroll include the gross wages and the employer's portion of taxes and benefits.

All Payroll Deductions Withheld from Employees Become an Expense for the Employer