Two FICA taxes are required for all employees each payroll ...

[amal]

Two FICA taxes are required for all employees each payroll period--social security and Medicare.
 
  Indicate whether the statement is true or false.

Question 2

Another name for an income statement is a/an
 
  A) accounts receivable schedule. B) balance sheet.
  C) profit and loss statement. D) statement of owner's equity.

[robbielu01]

Answer to Question 1

TRUE

Answer to Question 2

C

[amal]

Thanks for the timely response, appreciate it

[apple]

Excellent