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 given as $4,432, then the correct answer for the total Payroll Taxes and Benefits Expense would be directly based on this amount, assuming it encompasses all necessary taxes and benefits without needing further calculation.

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