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.

Name: 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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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.

Quizplus · Accepted Answer

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