Answered: Salaries Expense is debited to record…

Salaries Expense is debited to record the employer's FICA contributions and the FUTA and SUTA taxes. a. True b. False Is this statment true or false?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Salaries Expense is debited to record the employer's FICA contributions and the FUTA and SUTA taxes.

a. True

b. False

Is this statment true or false?

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