The employer should record payroll deductions as:
A) Employee receivables.
B) Payroll taxes.
C) Current liabilities.
D) Wages payable.
E) Employee payables.

Question

Quizplus · Accepted Answer

Payroll deductions are amounts taken out of an employee's paycheck for taxes, benefits, and other purposes. These deductions are not yet paid to the appropriate parties and are therefore recorded as a current liability on the employer's balance sheet.

The Employer Should Record Payroll Deductions As