Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Accounting    Ask about another Subject  
 
PDA

Karentaulbee
Jul 24, 2009, 03:29 AM
Shoot I messed up my question. So I will ask again.

Is the gross amount of payroll listed on the income statement? I am confused because that contains the employee withholding taxes and is paid by the employee and not the company. Please help.
Thanks.
ROLCAM
Jul 24, 2009, 04:13 AM
1) Payroll is divided into two parts:-

a) The amounts( net of income tax deducted)
paid to the employees.
b) The income tax deducted paid to the
Income Tax Authorities on behalf of the employees.