Select the best answer for each of the following multiple-choice items. (Nos. 2–4 are AICPA adapted.) 1. Super Seniors is a not-for-profit organization that provides services to senior citizens. Super...

Select the best answer for each of the following multiple-choice items. (Nos. 2–4 are AICPA adapted.)

1. Super Seniors is a not-for-profit organization that provides services to senior citizens. Super employs a full-time staff of 10 people at an annual cost of $150,000. In addition, two volunteers work as part-time secretaries replacing last year’s full-time secretary who earned $10,000. Services performed by other volunteers for special events had an estimated value of $15,000. These volunteers were employees of local businesses, and they received small-value items for their participation. What amount should Super report for salary and wage expenses related to the above items?

a. $150,000

b. $160,000

c. $165,000

d. $175,000