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When Recording the Deposit of FUTA Taxes Owed, the Proper

Question 11

Multiple Choice

When recording the deposit of FUTA taxes owed, the proper entry is:


A) FUTA Tax Expense      Cash
B) Payroll Taxes      Cash
C) Payroll Taxes      FUTA Taxes Payable
D) FUTA Taxes Payable      Cash
E) FUTA Tax Expense      FUTA Taxes Payable

Correct Answer:

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