Match the following terms with the appropriate definition.
-Taxes and other amounts deducted from gross pay
A)Accrued liabilities
B)Contingent liabilities
C)Current liabilities
D)Interest rate
E)Liabilities
F)Payroll taxes
G)Sales taxes
H)Warranty
I)Withholdings

Question

Quizplus · Accepted Answer

Withholdings refer to taxes and other amounts that are deducted from an employee's gross pay, including federal and state income taxes, Social Security taxes, and Medicare taxes, among others.

Match the Following Terms with the Appropriate Definition