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