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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.
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