Wages and Salaries Expense is
A) equal to net pay.
B) equal to gross pay.
C) equal to the employer's taxes.
D) None of the above are correct.

Question

Quizplus · Accepted Answer

Wages and Salaries Expense is equal to gross pay, which includes all amounts paid to an employee before any deductions such as taxes or benefits are taken out. It does not include the employer's taxes, which are recorded separately. Net pay is the amount an employee receives after deductions are taken out, so it is not equal to Wages and Salaries Expense.

Wages and Salaries Expense Is