Question: Since current liabilities also includes payroll, i don't know how to calculate the gross pay, taxes, and other deductions to make sure all the calculations

Since current liabilities also includes payroll, i don't know how to calculate the gross pay, taxes, and other deductions to make sure all the calculations are correct or should I simply accept the net pay amount shown on your check/direct deposit?

can someone help me identify which method is better when using to make sure all calculations are correct.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!