On September 1, 2022, Eve’s Fantastic Tutoring hired a student tutor and promised to pay a monthly salary of $3000. As of September 30, 2022, which is the fiscal year end of Eve’s Fantastic Tutoring, the company has used labor of the student for a month. According the company’s policy, tutor’s salary of $3000 for September will be paid on October 5, 2022. GAAP requires the salary expense of $3000 to be recorded by the company on October 5, 2022. True or false

On September 1, 2022, Eve’s Fantastic Tutoring hired a student tutor and promised to pay a monthly salary of $3000. As of September 30, 2022, which is the fiscal year end of Eve’s Fantastic Tutoring, the company has used labor of the student for a month. According the company’s policy, tutor’s salary of $3000 for September will be paid on October 5, 2022. GAAP requires the salary expense of $3000 to be recorded by the company on October 5, 2022. True or false

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter4: Income Tax Withholding

Section: Chapter Questions

Problem 6SSQ

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