Wages and Salaries Expense is:

Name: Wages and Salaries Expense is:
Brand: Quizplus
Rating: 4.7 (63 reviews)

Question

Quizplus · Accepted Answer

Wages and Salaries Expense is equal to the total amount owed to employees for their work, before any withholdings or taxes are taken out. This is referred to as gross pay. Net pay is the amount the employee receives after any deductions are taken out, and employer's taxes are a separate expense for the employer. Wages and Salaries Expense can be paid in cash or through other methods such as electronic transfer.

Wages and Salaries Expense Is