Which of the following liabilities results from amounts owed by both the employee and the employer?
A)employee income tax payable
B)wages payable
C)employment insurance payable
D)vacation pay payable

Question

Quizplus · Accepted Answer

Employment insurance payable involves contributions from both the employee and the employer, making it a liability resulting from amounts owed by both parties.

Which of the Following Liabilities Results from Amounts Owed by Both