Shown below is a summary of the annual payroll data of Rose Co.:

-Refer to the above data. Compute the company's cash outlays during the year for payroll-related costs. Assume short-term obligations such as insurance premiums and payroll taxes have been paid.
A) $2,750,000.
B) $3,070,000.
C) $1,930,000.
D) $3,510,000.

Question

Shown below is a summary of the annual payroll data of Rose Co.:
 
-Refer to the above data. Compute the company's cash outlays during the year for payroll-related costs. Assume short-term obligations such as insurance premiums and payroll taxes have been paid.
A) $2,750,000. 
B) $3,070,000. 
C) $1,930,000. 
D) $3,510,000.

Quizplus · Accepted Answer

The cash outlays for payroll-related costs include salaries, wages, and any other payroll-related expenses that have been paid. Since short-term obligations like insurance premiums and payroll taxes have been paid, these should be included in the total cash outlays.

Shown Below Is a Summary of the Annual Payroll Data