Employers record payroll deductions when recognizing employee compensation as: a. Employee receivable b. Payroll taxes c. Current liability d. Payroll tax expense c. Wages payable f. Employee payable Employee vacation benefits are: a. Estimated current liabilities b. Contingent liabilities c. Recorded as an expense when the employce takes a vacation d. Recorded as an expense when the employee retires c. Used to increase net income