Each type of deduction made from the employees' earnings is recorded in a separate
A)expense account.
B)asset account.
C)revenue account.
D)liability account.

Question

Quizplus · Accepted Answer

Deductions made from employees' earnings are liabilities for the employer because they represent amounts owed to various entities such as government agencies, insurance companies, retirement plans, etc. These liabilities are recorded in separate liability accounts in the company's accounting system.

Each Type of Deduction Made from the Employees' Earnings Is