Use this information to answer the following question. Panadora Company has the following information for the pay period of January 1-15,2014.Payment occurs on January 20.

-Payroll Taxes and Benefits Expense would be recorded for
A)$1,984.
B)$2,248.
C)$4,432.
D)$8,032.

Question

Use this information to answer the following question. Panadora Company has the following information for the pay period of January 1-15,2014.Payment occurs on January 20.

-Payroll Taxes and Benefits Expense would be recorded for
A)$1,984. 
B)$2,248. 
C)$4,432. 
D)$8,032.

Quizplus · Accepted Answer

Payroll Taxes and Benefits Expense is typically calculated based on the gross payroll amount before any deductions. If the gross payroll is $4,432, then the entire amount is considered for payroll taxes and benefits expense, making option C the correct answer.

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