What liability account is reduced when the employees are paid?
A) Payroll Taxes Payable
B) Federal Income Taxes Payable
C) Wages and Salaries Payable
D) Wages and Salaries Expense

Question

Quizplus · Accepted Answer

C) Wages and Salaries Payable is the correct answer because this account represents the amount owed to employees for work performed and is reduced when employees are paid.

What Liability Account Is Reduced When the Employees Are Paid