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1. Which of the following is not correct with regards to an employer's payroll expense...

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Accounting

1. Which of the following is not correct with regards to an employer's payroll expense account?

a. Organizations often combine similar employer's payroll expense into one general ledger account

b. Employer's payroll expenses are often allocated or distributed to more than one expense account.

c. The closing balance in the employer's payroll expense account will clear each month-end

d. Payroll expenses will clear from the general ledger after the fiscal year-end

2. Employers are required to pay premiums for workers' compensation on:

a. excess earnings

b. total assessable earnings

c. total gross earnings

d. annual maximum assessable earnings

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