Identify All Correct Statements Concerning Payrolls and Related Payroll Costs

question 140

Multiple Choice

Identify all correct statements concerning payrolls and related payroll costs:

• A) Both employers and employees are required to contribute to employee pension plans.
• B) Workers' compensation premiums are withheld from employees' wages.
• C) An employer's total payroll costs usually exceed total wages expense by about 7 1/2%.
• D) Employers are required to pay Social Security taxes on employees' earnings, but they are not required to pay for health insurance.

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Definitions:

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