A small candy company is required to make quarterly payments of withholding taxes to the federal government. What are the upcoming payments called?
A) accounts payable
B) accounts receivable
C) loans payable
D) accrued expenses

Question

Quizplus · Accepted Answer

Accrued expenses are liabilities that a company has incurred but not yet paid, such as taxes owed to the government.

A Small Candy Company Is Required to Make Quarterly Payments