Use the following information to calculate cash paid for salaries:

A) $175,000.
B) $183,000.
C) $167,000.
D) $143,000.
E) $155,000.

Question

Use the following information to calculate cash paid for salaries:  A) $175,000.B) $183,000.C) $167,000.D) $143,000.E) $155,000.

Official Jordiii · Accepted Answer

Final Answer : B, Explanation :  The total salaries expense for the year is given as $183,000 (line item TB6949). This represents the total amount to be paid to employees for the year. Therefore, the cash paid for salaries will also be $183,000.

Use the following information to calculate cash paid for salaries:

A) $175,000.
B) $183,000.
C) $167,000.
D) $143,000.
E) $155,000.

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