The Total of Wage Expense to Employees for the Year

question 3

Multiple Choice

The total of wage expense to employees for the year was $500,000. Wages payable to employees at the beginning of the year were $10,000 and at the end of the year $15,000. Wage expense resulted in cash outflows of?

• A)$500,000
• B)$495,000
• C)$505,000
• D)$510,000

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Definitions:

Disease Identification

The process of diagnosing or naming a disease based on its characteristic symptoms and signs through various diagnostic methods.

Lyme Disease

An infectious disease caused by the bacterium Borrelia burgdorferi, transmitted to humans through the bite of infected black-legged ticks.

Spirochete

A type of bacteria characterized by their spiral shape, implicated in various diseases.

Tick Bite

A bite from a tick, which can transmit diseases such as Lyme disease.