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APA CPP-Remote Exam - Topic 10 Question 32 Discussion

On a company's financial statements, payroll tax expense appears in the:
D) income statement
A) balance sheet
B) accrued payroll
C) salaries expense

APA CPP-Remote Exam - Topic 10 Question 32 Discussion

Actual exam question for APA's CPP-Remote exam
Question #: 32
Topic #: 10
[All CPP-Remote Questions]

On a company's financial statements, payroll tax expense appears in the:

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Suggested Answer: D

by Refugia at Aug 29, 2023, 05:34 PM

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Barrett
10 months ago
I thought payroll taxes were just a liability, not an expense?
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Alishia
10 months ago
Nope, it’s definitely in the income statement.
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Leah
10 months ago
Wait, isn’t it also reflected in the balance sheet?
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Gregg
10 months ago
Totally agree, it’s part of the salaries expense!
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Emeline
11 months ago
Payroll tax expense shows up in the income statement.
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Mammie
11 months ago
I'm pretty confident that payroll tax expense shows up on the income statement, but I should double-check that.
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Roselle
11 months ago
I feel like payroll taxes are recorded in accrued payroll, but I could be mixing it up with something else.
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Hassie
11 months ago
I remember practicing a question like this, and I think it was related to salaries expense.
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Viola
11 months ago
I think payroll tax expense goes on the income statement, but I'm not completely sure.
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Kassandra
11 months ago
No problem, I've done stuff like this before. I'll just follow the instructions and make sure I get the device names and sizes correct. Shouldn't be too tricky.
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Pearline
11 months ago
I'm leaning towards A, "Estimated". That seems to align with the way assets are typically handled in project management.
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Abel
11 months ago
Okay, let's see here. The question mentions a connectivity issue between the two customer file servers, and that the R3 routes are missing from the routing table on the Customer-1 router. I think I have a good idea of where to start, but I'll double-check the options to make sure I don't miss anything.
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Ira
11 months ago
Wait, is reporting gifts actually a prevention policy? I'm a bit unsure which one doesn't fit.
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Dorethea
11 months ago
This is a good question to test our knowledge of payroll deductions. I'm confident that employee pension contributions and income tax are the two statutory deductions here. The other options seem more like voluntary contributions.
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