Which one of the following payroll costs does not result in an expense for the employer?
A) CPP (Canada Pension Plan)
B) Federal and provincial personal income tax
C) Employment Insurance (EI)
D) QPP (Quebec Pension Plan)

Question

Quizplus · Accepted Answer

Federal and provincial personal income tax is withheld from employees' wages and remitted to the government, but it is not an expense for the employer. It is a liability that the employer holds temporarily before passing it on to the government.

Which One of the Following Payroll Costs Does Not Result