1. Which of the following payroll taxes are paid ONLY by the employer on payroll? a....

Question

Question

1. Which of the following payroll taxes are paid ONLY by the employer on payroll?

a. federal income taxes b. social security taxes c. state unemployment taxes

2. Revenue expenditures are?

a. are know as balance sheet expenditures

b. additional cost of plant assets that do not increase assets life or productivity

c. are debited to asset accounts

Answer 1

Answer #1

1

State unemployment taxes are paid ONLY by the employer on payroll

Federal income taxes is paid by employee and Social security taxes are paid by both employer and employee

Option C is correct

2

Revenue expenditures are additional cost of plant assets that do not increase assets life or productivity

Option B is correct

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Answer 2

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