Chapter 1:__________ 1) Failing to deduct statutory withholdings from employee payments can result in fines, penalties and interest charges. ⊚ true ⊚ false 2) Employers who do not deduct statutory withholdings from employee payments have nothing to worry about. ⊚ true ⊚ false 3) Employers who fail to deduct proper withholdings from employee payments may be forced to take on the cost of these missed deductions. ⊚ true ⊚ false 4) Payments for employees are processed through accounts payable and do not require any statutory payroll deductions. ⊚ true ⊚ false 5) Payments for self-employed workers are typically processed through accounts payable and do not require any statutory payroll deductions. ⊚ true ⊚ false 6) Employees with a Social