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When recording the employer's payroll taxes, a liability account, entitled Employers Payroll Taxes Payable, is credited for the total taxes owed (FICA, FUTA, and SUTA). (Points : 5) True False
When recording the employer's payroll taxes, a liability account, entitled Employers Payroll Taxes Payable, is credited for the total taxes owed (FICA, FUTA, and SUTA). FALSE.
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Asked 8/17/2016 1:22:13 AM
Updated 7/27/2018 6:14:14 AM
1 Answer/Comment
Edited by jeifunk [8/17/2016 1:48:01 AM]
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When recording the employer's payroll taxes, a liability account, entitled Employers Payroll Taxes Payable, is credited for the total taxes owed (FICA, FUTA, and SUTA). FALSE.
Added 7/27/2018 6:14:14 AM
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A garnishment cannot exceed 25 percent of an employee's gross pay. (Points : 5) True False
Question
Updated 8/17/2016 1:47:38 AM
1 Answer/Comment
A garnishment cannot exceed 25 percent of an employee's gross pay. FALSE.
Added 8/17/2016 1:47:38 AM
This answer has been confirmed as correct and helpful.
The payment of the FUTA tax and the FICA taxes by the employer to the IRS is recorded in the same journal entry. (Points : 5) True False
Weegy: The payment of the FUTA tax and the FICA taxes by the employer to the IRS is recorded in the same journal entry. False. (More)
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Expert Answered
Updated 8/17/2016 1:47:50 AM
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In the case of multiple wage attachments, a garnishment for a student loan has priority over any other garnishment. (Points : 5) True False
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Updated 8/17/2016 1:45:17 AM
1 Answer/Comment
In the case of multiple wage attachments, a garnishment for a student loan has priority over any other garnishment. FALSE.
Added 8/17/2016 1:45:17 AM
This answer has been confirmed as correct and helpful.
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