Question: QUESTION 4 a. Auditing accruals and deferrals would involve an examination of receivable, payable, unearned income, and prepaid expense accounts. (True/False) b. Payroll taxes include

QUESTION 4

a. Auditing accruals and deferrals would involve an examination of receivable, payable, unearned income, and prepaid expense accounts. (True/False)

b. Payroll taxes include federal and state income tax withheld from gross pay. (True/False)

c. Not every adjusting entry affects net income. (True/False)

d. The IRS requires employers to withhold payroll taxes from employees' gross pay. (True/False)

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