What Liability Account Is Reduced When the Employees Are Paid

question 51

Multiple Choice

What liability account is reduced when the employees are paid?

• A) Payroll Taxes Payable
• B) Federal Income Taxes Payable
• C) Wages and Salaries Payable
• D) Wages and Salaries Expense

---

Definitions:

Criteria

Standards or principles by which something is judged or decided.

Branding Strategies

The plans and tactics a business uses to build and shape its brand's identity, reputation, and image in the marketplace.

Brand Managers

Professionals responsible for developing and maintaining a brand's image, identity, and strategy to ensure it resonates with its target audience.

Brand Equity

The value derived from consumer perception of a brand name of a particular product or service, as compared to generic alternatives.