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.
Federal and state income taxes, and FICA
Deductions that are typically not listed on a paystub include voluntary contributions, such as donations to charity, and certain types of reimbursements for expenses. Additionally, any benefits that an employer provides at no cost to the employee, like life insurance or wellness programs, may also not appear as deductions. Furthermore, personal savings or investment contributions, unless specified for payroll deduction, are generally not included.
no
No?
revenue and expenses
Federal and state income taxes, and FICA
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.
No?
newdiv
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
Nonoperating Income
on the income statement