Use This Information to Answer the Following Question Salaries Payable Would Be Recorded for
A) $12,976

Multiple Choice

Use this information to answer the following question. Baker Company has the following information for the pay period of January 1-15,2010.Payment occurs on January 20.
$\begin{array}{lrlr}\text { Gross payroll } & \$ 16,000 & \text { Federal income taxes withheld } & \$ 1,800 \\\text { Social security and Medicare rate } & 7.65 \% & \text { Federal unemployment tax rate } & .8 \%\\\text { State unemployment tax rate}&5.4\%\end{array}$ Salaries Payable would be recorded for

A) $12,976.
B) $10,760.
C) $14,200.
D) $11,984.