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 Tax Acct Chp 13 Flashcards 2023-2024

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hey guys welcome to week four this week you guys are gonna be looking over what we did a long time ago chapter 13 but that's payroll liabilities and tax records we had employee payroll that was under salaries expense was our heading for that that was our that was our debit and then you had everything going out for salaries expenses on the other side of it you have employers expenses and that is your FICA futa sudha if you remember that for your FICA if you guys recall that was for Social Security and Medicare and also you need to remember for Social generally the the the employer is going to be paying for that as well as the employee one of the Articles that you guys got to read is part of the cares package our government is letting small businesses and businesses kind of bypass sending in part of that so they still have to send in their payroll tax expenses for the salaries piece but the employers part they're not having them do that right now and deferring that till later to try to h

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