What type of account is a wage expense account?

 

 

In which type of account are payroll deductions recorded?

Find and correct the error(s) in the following general journal entry which recorded a company’s payroll liability: DR Office Salaries Expense, $1,000; CR Social Security Tax Expense, $200. DR Health Insurance Premium Expense, $50. DR Cash, $750. (check all that apply)

Which is example of payroll liabilities? (check all that apply)

What are the three primary payroll deductions that federal law requires? (check all that apply)

Difference between gross pay and net pay?

Check all subgroups that sales analysis could be broken down into (check all that apply):

What does FICA refer to (check all that apply)?

For a not for profit entity, assets = liabilities + __.

For a not for profit entity, what financial statement would you request to view their assets and liabilities?

For a not for profit entity, the Statement of cash flows can be prepared using what method?