Friday, February 12, 2010

PAyroll Taxes and reports. true or false?

Amounts witheld from gross earnings and held by the employer until the time of payment are assets of the business?





true or false? i have no idea.PAyroll Taxes and reports. true or false?
False. They are liabilities. Withheld taxes are monies owed to the government. Any money owed to anyone is a liability.

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