Wages and Salaries Payable would be used to record:
A)gross earnings of the employees.
B)net earnings of the employees not paid.
C)cumulative earnings of the employees
D)the paid portion of the earnings.

Question

Quizplus · Accepted Answer

Wages and Salaries Payable is a liability account that is used to record the amount of net earnings of the employees that have not yet been paid. This includes payroll taxes, insurance premiums, and other withholdings. Therefore, option B is the correct answer.

Wages and Salaries Payable Would Be Used to Record