Proper payroll accounting methods are important for a business for all of the following reasons except
A) good employee morale requires timely and accurate payroll payments
B) payroll is subject to various federal and state regulations
C) to help a business with cash flow problems by delayed payments of payroll taxes to federal and state agencies
D) payroll and related payroll taxes have a significant effect on the net income of most businesses

Question

Quizplus · Accepted Answer

Delaying payroll taxes to federal and state agencies is not a proper accounting method and can lead to legal and financial consequences for the business. Proper payroll accounting methods are necessary for all of the other reasons listed, including maintaining good employee morale, complying with regulations, and accurately reflecting the impact of payroll on a business's net income.

Proper Payroll Accounting Methods Are Important for a Business for All