Payroll liabilities for current employees are
A)contingent liabilities.
B)estimated liabilities.
C)can be either current or long-term depending on when workers retire.
D)current liabilities.
E)none of these.

Question

Quizplus · Accepted Answer

Payroll liabilities for current employees are considered current liabilities because they are debts or obligations owed by the company and are expected to be paid within a year or within the current operating cycle.

Payroll Liabilities for Current Employees Are