Which of the Following Statements Regarding Payroll Liabilities Is True

question 30

Multiple Choice

Which of the following statements regarding payroll liabilities is true?

• A) Accrued payroll includes such liabilities as retirement and health benefits not yet paid.
• B) Only employees are required to pay FICA taxes.
• C) Both employers and employees are required to pay unemployment taxes.
• D) Accrued payroll liabilities do not include any voluntary deductions by employees for charitable contributions or union dues.

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Definitions:

Problem Recognition

The stage of the buying process in which consumers recognize a gap between their current situation and a desired end-state.

Buying Process

The series of steps a consumer undergoes, from recognizing a need to purchasing a product or service.

Information Search

The process of seeking out data and insights relevant to a specific question or decision, often a step in consumer behavior before making a purchase.

Evaluative Criteria

Standards or benchmarks customers use to judge the features or benefits of different products or services before making a decision.