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How salaries payable would be recorded for

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Reference no: EM132611958

Lee Company has the following information for the pay period of December 15-31:

Gross payroll $16,000 Federal income tax withheld $4,000

Social security rate 6.0% Federal unemployment tax rate 0.8%

Medicare rate 1.5% State unemployment tax rate 5.4%

Question 1: Assuming no employees are subject to ceilings for taxes on their earnings, Salaries Payable would be recorded for:

Group of answer choices

a. $10,800.

b. $9,808.

c. $11,040.

d. $16,000.

Reference no: EM132611958

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