Sales taxes collected by a retailer are reported asGroup of answer choicescurrent liabilities.expenses.contingent liabilities.revenues.

To determine how sales taxes collected by a retailer are reported, we need to identify their nature and how they are treated in accounting.

1. Understanding Sales Tax Collection: When a retailer collects sales tax from customers, it is acting as an intermediary between the customer and the government. The retailer does not earn this tax; rather, it is a liability that the retailer is obligated to remit to the government.

2. Current Liabilities: Since the retailer has an obligation to pay the collected sales tax to the government at a later date, these taxes are considered current liabilities. They will appear on the balance sheet until they are paid.

3. Review of Other Options:

   • Expenses: Sales tax collected does not represent an expense incurred by the retailer; it's money that belongs to the government.
   • Contingent liabilities: These are potential obligations that may occur depending on the outcome of a future event, which does not apply to collected sales taxes.
   • Revenues: Sales taxes collected are not revenue for the retailer since it does not represent income earned from its operations.

Final Answer

Sales taxes collected by a retailer are reported as current liabilities.