Determine key characteristics of the different types of current liabilities.

Which of the following descriptions is true of sales tax payable?

• a.)
• Sales is the amountowed to the company collected from the customer by the company.
• b.)
• Sales tax is a percentage of sales owed to the state collected from the customer by the company and paid to the government by the company.
• c.)
• Sales is the amountowed to the state collected from the customer by the company and paid to the government by the company.
• d.)
• Sales tax is a percentage of income owed to the state collected from the customer by the company.