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A Company Pays Its Employees $4,000 Each Friday, Which Amounts

Question 97

Multiple Choice

A company pays its employees $4,000 each Friday, which amounts to $800 per day for the five-day workweek that begins on Monday. If the monthly accounting period ends on Thursday and the employees worked through Thursday, the amount of salaries earned but unpaid at the end of the accounting period is:


A) $800.
B) $4,000.
C) $2,400.
D) $3,200.
E) $1,600.

Correct Answer:

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