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:

Intellectual Property Rights

Legal rights that grant creators control over the use, reproduction, and distribution of their original works and inventions.

Digital Inclusion

The practice of ensuring that individuals and disadvantaged groups have access to, and the skills to use, digital technologies and the Internet.

Digital Divide

The disparity between people who can use current information and communication technology and those unable to access it.

Internet of Things (IoT)

A network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, and connectivity, which enables these objects to connect and exchange data.