Which of the Following Would NOT Typically Be an Employee

question 62

Multiple Choice

Which of the following would NOT typically be an employee payroll withholding?

• A)Unemployment taxes
• B)Medical Insurance
• C)State income tax
• D)Social Security

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Definitions:

Account Payable

Obligations or debts a company owes to suppliers or creditors for goods or services received that have not yet been paid for.

Increases Liabilities

Situations or transactions that result in a rise in the claims against a company’s assets.

Decreases Assets

Refers to any operation or transaction that results in a reduction of the value of assets owned by a business.

Account Receivable

Money owed to a company by customers who have purchased goods or services on credit.