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Which statements regarding employee compensation is false

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Reference no: EM132569988

Question 1: Which of the following statements regarding employee compensation is false?

Option a: Cash paid to employees seldom equals the gross earnings of the employees

Option b: Income taxes and the employee's portion of social security taxes must be withheld from employee checks and remitted to the government

Option c: Companies must pay a portion of each employee's social security to the government as well as federal and state unemployment taxes and workers' compensation taxes

Option d: The fringe benefits provided to employees seldom exceed 5% of salary

Option e: Accrued employee compensation and benefits are included as current liabilities on the employer's balance sheet.

Reference no: EM132569988

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