**Question:**Which of the following is *not* an item deducted from salary expense to arrive at net pay?**Multiple Choice Options:**- ○ FICA tax for Social Security- ○ FICA tax for Medicare- ○ These answer choices are all deducted from salary expense to arrive at net pay- ● Federal unemployment tax**Explanation:**The highlighted option "Federal unemployment tax" indicates it's the choice not typically deducted from an employee’s paycheck to arrive at net pay. Federal unemployment tax is usually paid by employers, not employees, which is why it is not subtracted from salary expenses to determine net pay. Other listed deductions like the FICA taxes for Social Security and Medicare are common items deducted from an employee's gross pay.

Tax liability is the amount of money in the form of tax debt you owe to tax authorities . In other…

Which of the following is not an item deducted from salary expense to arrive at net pay? Multiple Choice FICA tax for Social Security FICA tax for Medicare These answer choices are all deducted from salary expense to arrive at net pay Federal unemployment tax

Which of the following is not an item deducted from salary expense to arrive at net pay? Multiple Choice FICA tax for Social Security FICA tax for Medicare These answer choices are all deducted from salary expense to arrive at net pay Federal unemployment tax

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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