Federal and state income taxes, and FICA
There are several tax deductions that appear on a payroll statement. These are FICA, which is Medicare and Social Security, along with income tax and OASDI. OASDI stands for old age, survivors, and disability insurance.
no
No?
revenue and expenses
Nonoperating Income
There are several tax deductions that appear on a payroll statement. These are FICA, which is Medicare and Social Security, along with income tax and OASDI. OASDI stands for old age, survivors, and disability insurance.
NO, Account payable is a balance sheet item it does not appear in the income statement.
investing
no
Product cost appear on the income statement as cost of goods sold and on the balance sheet as inventory.
newdiv
No?
No it must be a fund flow statement
Fixed assets do not appear on the income statement. They are shown on the balance sheet (statement of financial position).
revenue and expenses
on the income statement
no