Asked by Tabatha Magnuson on Jun 18, 2024
Verified
Which of the following is a legal liability?
A) sick pay that may be taken as time off
B) sales taxes payable to the state
C) gambling debt owed
D) bribes due to foreign traders
Legal Liability
The responsibility imposed by law to compensate for or rectify any harm, loss, or damage one's actions or decisions have caused to others.
Sales Taxes
These are taxes imposed by governments on the sale of goods and services.
Sick Pay
Compensation paid by employers to employees during periods when they are unable to work due to illness.
- Identify the distinctions among diverse kinds of liabilities, including those that are legal in nature.
Verified Answer
AS
Alexandria SchererJun 20, 2024
Final Answer :
B
Explanation :
Sales taxes are a legal liability that a business must pay to the state. Sick pay and bribes are not legal liabilities, and gambling debt is a personal liability.
Learning Objectives
- Identify the distinctions among diverse kinds of liabilities, including those that are legal in nature.
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