Site Company Had the Following Account Balances Related to Payroll

question 124

Multiple Choice

Site Company had the following account balances related to payroll at the end of the period: $$\begin{array} { | l | r | } \hline \text { CPP payable - employees' share } & 7,000 \\\hline \text { Liability for income taxes withheld } & 20,000 \\\hline \text { Salary and wage expense } & 95,000 \\\hline\end{array}$$ Without considering any employer payroll taxes, Site would record Salaries Payable for the pay period amounting to which of the following?

• A) $61,000
• B) $68,000
• C) $75,000
• D) $95,000

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