The employer should record deductions from employee pay as:

A. Wages payable.
B. Current liabilities.
C. Employee receivables.
D. Employee payables.
E. Payroll taxes.


Answer: B

Business

You might also like to view...

A retailer using a marketscape theme gives consumers the opportunity to enter into a world of fantasy (such as one where the person becomes a virtual hunter, race car driver, or fashion model) as they shop

Indicate whether the statement is true or false

Business

On January 2, 2014 the board of directors of Moorehaven Mining Corporation declared a cash dividend of $1,200,000 to stockholders of record on January 18, 2014, and payable on February 10, 2014 . The dividend is permissible by law in Moorehaven's state of incorporation. Selected data from Moorehaven's December 31 . 2013 . balance sheet follow: Accumulated depletion

................................. $ 200,000 Capital stock ......................................... 1,100,000 Additional paid-in capital ............................ 800,000 Retained earnings ..................................... 500,000 The $1,200,000 dividend includes a liquidating dividend of a. $800,000. b. $700,000. c. $600,000. d. $200,000.

Business

Explain both sides of the argument — for and against — branding in a nonprofit

What will be an ideal response?

Business

Which of the following statements is true of a socialist law system?

A) It is designed to preserve the authority of the state over agricultural land. B) It is designed to enable private ownership of all means of production. C) It prohibits earning interest on money. D) It tends to put great emphasis on private law.

Business