Which of the Following Accounts Is an Expense Account in Which

question 54

Multiple Choice

Which of the following accounts is an expense account in which an employer records the FICA, FUTA, and SUTA taxes?

• A) Wages Expense
• B) Payroll Taxes
• C) SUTA Taxes Payable
• D) Salaries Payable
• E) None of the above

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Definitions:

Triple Bottom Line

A company’s balance sheet according to profit, people, and the planet.

Environmental Impact

The effect of human activity on the natural environment, which can range from pollution and destruction of ecosystems to conservation and restoration efforts.

Social Responsibility

refers to the obligation of individuals, organizations, and governments to act in a way that benefits society at large, beyond their own interests.

Dominant Social Paradigm

The prevailing set of values, beliefs, and practices in a society that influence and regulate people's behavior and interactions.