Athena Company provides employee health insurance that costs $15,700 per month. In addition, the company contributes an amount equal to 4% of the employees' $157,000 gross salary to a retirement program. The entry to record the accrued benefits for the month would include a:

Multiple Choice

• Debit to Payroll Taxes Expense $21,980.

• Debit to Employee Retirement Program Payable $6,280.

• Debit to Medical Insurance Payable $15,700.

• Debit to Employee Benefits Expense $21,980.

• Credit to Employee Benefits Expense $15,700.