Author Question: The employer's FUTA and SUTA tax is recorded as: a. Payroll Tax Expense DR FUTA Payable CR SUTA ... (Read 318 times)

Themember4 · **on:** Jul 6, 2018

The employer's FUTA and SUTA tax is recorded as:
a. Payroll Tax Expense DR
FUTA Payable CR
SUTA Payable CR
b. FUTA Payable DR
SUTA Payable DR
Payroll Tax Expense CR
c. Payroll Tax Expense DR
Cash CR
d. Wage Expense DR
FUTA Payable CR
SUTA Payable CR

Question 2

A debit to the Payroll Tax Expense account means:
a. The employer's payroll taxes have increased
b. The employer's payroll taxes have decreased
c. Both the employer's and the employee's payroll taxes have increased
d. The employer's and employee's payroll taxes have not changed