Payroll deductions create current liabilities for your employer.

Name: Payroll deductions create current liabilities for your employer.
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Payroll deductions, such as taxes, insurance premiums, and employee benefits, are withheld from an employee's paycheck by the employer and must be paid to the appropriate parties. These withholdings create current liabilities for the employer, as the money owed must be paid within a short period, usually one to three months.

Payroll Deductions Create Current Liabilities for Your Employer