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Please help with correct answer, thanks,............ @Your answer is incorrect. Try again. Swifty Corporation has 70 employees who work 8-hour days and are paid hourly.
Please help with correct answer, thanks,............
@Your answer is incorrect. Try again. Swifty Corporation has 70 employees who work 8-hour days and are paid hourly. On January 1, 2017, the company began a program of granting its employees 10 days of paid vacation each year. Vacation days earned in 2017 may first be taken on January 1, 2018. Information relative to these employees is as follows: Yea r 2017 2018 2019 Hourly Wages $13.50 15.50 18.50 Vacation Days Earned by Each Employee 10 10 10 Vacation Days Used by Each Employee 8 10 Swifty has chosen to accrue the liability for compensated absences at the current rates of pay in effect when the compensated time is earned. What is the amount of the accrued liability for compensated absences that should be reported at December 31, 2019? O $ 120960. O $ 347760. @ $ 103600. O $ 146160. Click if you would like to Show Work for this question: Open Show Work
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