Total Payroll for a Given Week Is $12,000 $\begin{array}{l}\text { Estimated Liability for Vacation Pay }&840\\\text { Cash }&&840\end{array}$

question 175

Multiple Choice

Total payroll for a given week is $12,000.If 70 percent of the company's employees typically qualify to receive two weeks' paid vacation per year,assuming 50 working weeks,the entry to record the estimated liability for vacation pay for the week is:

• A)
• \(\begin{array}{l}
• \text { Estimated Liability for Vacation Pay }&840\\
• \text { Cash }&&840
• \end{array}\)
• B)
• \(\begin{array}{l}
• \text { Vacation Pay Expense } &480\\
• \quad \text { Cash }&&480
• \end{array}\)
• C)
• \(\begin{array}{llr}
• \text {Vacation Pay Expense } & 336\\
• \text {Estimated Liability for Vacation Pay } && 336\\
• \end{array}\)
• D)
• \(\begin{array}{llr}
• \text {Cash } &168\\
• \text { Estimated Liability for Vacation Pay} &&168\\
• \end{array}\)

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A numerical or alphanumeric code used to secure and unlock a locker.

Algorithm

A step-by-step procedure or formula for solving a problem or completing a task, often used in mathematics and computer science.

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A puzzle where a word or phrase is formed by rearranging the letters of a different word or phrase, often requiring cognitive effort to solve due to its complexity.

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