The employer should record payroll deductions as
A) current liabilities.
B) non-current liabilities.
C) employee advances receivable.
D) employee advances payable.

Question

Quizplus · Accepted Answer

Payroll deductions are amounts withheld from employees' wages and are liabilities that the employer must pay to third parties, such as tax authorities or benefit providers, typically within a short period, making them current liabilities.

The Employer Should Record Payroll Deductions as