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:

Due Date

The specified date by which a task, project, or payment is expected to be completed or received.

LPT

An abbreviation often used in manufacturing or project management, commonly standing for Longest Processing Time, a heuristic for scheduling.

EDD

Earliest Due Date, a scheduling method prioritizing tasks based on their due dates, aiming to minimize late jobs.

Dispatching Rule

A set of guidelines or criteria used for determining the sequence of tasks or the allocation of resources in a production process.