Author Question: The due date for payroll taxes is not the same date for all employers. a. True b. False ... (Read 67 times)

maychende · **on:** Jul 5, 2018

The due date for payroll taxes is not the same date for all employers.
a. True
b. False
Indicate whether the statement is true or false

Question 2

In December 2011, B. Rich worked for Payless, Inc and earned 10,000. Federal income tax withholding is 20. The FICA rate is 6.2 and the Medicare tax is 1.45. How much of B.

Rich's December salary will be included in Salary expense on Payless' income statement for the year ended December 31, 2011?
A) 10,000
B) 7,235
C) 8,000
D) 12,000