Which of the following is an example of a liability account?
A)Payroll Taxes Expense
B)FUTA Payable
C)Salaries and Wages Expense
D)Cash

Name: Which of the following is an example of a liability account? A)Payroll Taxes Expense B)FUTA Payable C)Salaries and Wages Expense D)Cash
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Question

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FUTA Payable is a liability account because it represents an amount the company owes to the government for federal unemployment taxes, which has not yet been paid.

Which of the Following Is an Example of a Liability