The employer should record payroll deductions as
A)Employee receivables
B)Current liabilities
C)Payroll taxes expense
D)Wages payable
E)Employee payables

Question

Quizplus · Accepted Answer

Payroll deductions are amounts withheld from employees' wages and are recorded as current liabilities because they represent amounts owed to third parties, such as taxes or benefits, that the employer must pay on behalf of the employees.

The Employer Should Record Payroll Deductions as