Which of the following explains why payroll taxes are considered a current liability? O These are associated with the current period payroll and therefore are current liabilities. O The amount of withholdings and expense is estimated based on the current taxation rules. O If not paid within the current year, a penalty will be imposed, so to avoid this, companies classify as current liabilities. O Employee withholdings and payroll taxes paid by employers must be paid periodically and typically, this is done in less than one year