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  3. 1. payroll taxes levied against employees become l

1. Payroll taxes levied against employees become liabilities a. when the payroll is paid to...

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Question

Accounting

1.

Payroll taxes levied against employees become liabilities

a. when the payroll is paid to employees

b. at the end of an accounting period

c. the first of the following month

d. when data are entered in a payroll register

2.

Vacation pay payable is reported on the balance sheet as a(n)

a. current liability or long-term liability, depending on when the vacations will be taken by employees

b. expense

c. long-term liability

d. current liability

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