FICA taxes include amounts for both Social Security but not ...

[MGLQZ]

FICA taxes include amounts for both Social Security but not Medicare programs.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Which of the following statements is FALSE?
 
  A) The allowance method is a GAAP method.
  B) The direct write-off method violates the matching principle.
  C) Under the direct write-off method, accounts are expensed when they are identified as uncollectible.
  D) Under the allowance method, amounts written off are recorded as bad debts expense.

[frre432]

Answer to Question 1

False

Answer to Question 2

D

[MGLQZ]

Thanks for the timely response, appreciate it

[jordangronback]

TYSM