A Deed Is Not Effective to Transfer Title to Land

question 8

True/False

A deed is not effective to transfer title to land until delivery.

Understand how employers should record payroll deductions and taxes.

Familiarize with the filing requirements for FICA taxes.

Understand the concept of gross pay and how to calculate net pay after deductions.

Recognize various liabilities associated with payroll, including estimated liabilities and the treatment of employee benefits.