4 POINTS During the year 2024 a company paid cash for theiremployees salaries amounting to $100,500. The year-endbalances in the salaries payable account were $34,000 atDecember 31. 2023 and $36,000 at December 31. 2024.Determine the amount of "Salary Expense" the companywould report on its 2024 Income Statement:a) $92,000b) $110,000c) $88,000d) $102,500

Detailed explanation:Given:Cash paid for salaries $ 100,500Salaries Payable on December 31, 2023 $…

Answered: During the year 2024 a company paid…

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter5: Unemployment Compensation Taxes

Section: Chapter Questions

Problem 17PB

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