Showing posts with label payroll costs. Show all posts
Showing posts with label payroll costs. Show all posts

Saturday, October 10, 2020

Which of the following is not withheld from an employee's salary?

Which of the following is not withheld from an employee's salary?


A) FICA taxes.

B) Federal and state unemployment taxes.

C) Federal and state income taxes.

D) Employee portion of health insurance.


Answer: B

Which of the following are employer payroll costs?


I. FICA taxes.

II. Federal and state unemployment taxes.

III. Federal and state income taxes.

IV. Employer contributions to a retirement plan.



A) I and IV

B) I, III, and IV

C) I, II, and IV

D) II and III



Answer: C


Which of the following is not an employer payroll cost?



A) FICA taxes.

B) Federal and state unemployment taxes.

C) Federal and state income taxes.

D) Employer contributions to a retirement plan.


Answer: C

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio?

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio? A) Increase ...