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5 votes
The amount of taxes a business owes is a/an

A.
liability.
B.
asset.
C.
account receivable.
D.
bonus.

User Theodora
by
5.3k points

2 Answers

2 votes

Answer:

A. Liability.

Step-by-step explanation:

This is the correct answer for connexus.

User Jakkwylde
by
5.5k points
0 votes

Answer:

A. liability.

Step-by-step explanation:

The amount of taxes a business owes is a liability. A liability is an obligation or amount a business owes to others, including accounts payable, notes payable, loans payable, wages payable, payroll taxes payable, and income taxes payable. Notice those last two are examples of tax liabilities.

User J Tasker
by
5.2k points