What Liability Account Is Reduced When the Employees Are Paid

question 7

Multiple Choice

What liability account is reduced when the employees are paid?

• A) Income Tax Payable, CPP Payable, EI Payable
• B) Wages and Salaries Expense
• C) Wages and Salaries Payable
• D) Payroll Taxes Payable

---

Definitions:

Pleasure

A sense of joy, pleasure, or contentment gained from a particular experience or activity.

Public Policy

Government actions or principles intended to solve societal problems or improve the general welfare of the public.

Punishment

The imposition of a penalty on someone as retribution for an offense or crime, aiming to discourage wrongdoing.

Marriage Rates

Marriage rates refer to the statistical measure of the number of marriages within a population over a specific period, often presented as marriages per 1,000 people.