Reconciliation of taxes payableinvolves ensuring that payroll records, tax deposits, and government filings match. Essential steps include:
Verifying actual tax remittances made (A✅)
Reviewing taxable wage bases for errors (B✅)
Ensuring withholding totals for the month match system reports (C✅)
Option Dis misleading—credit entriesare not typically reconciled against thepayroll registerbut rather against thegeneral ledger. The payroll register tracks gross-to-net payroll, not accounting-level credits.
✅Correct answer isD
[References:, APA Payroll Source – Payroll Accounting and Reconciliation Section, IRS Pub 15 and IRS Audit Techniques Guide, ]
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