Which of the following is a main component of a payroll budget?

The main component of a payroll budget is projected gross wages and payroll taxes because it directly relates to the compensation that organizations are obligated to pay their employees. This includes salaries and hourly wages, as well as associated taxes that the employer is responsible for, such as Social Security, Medicare, and any applicable federal or state taxes.

A payroll budget needs to accurately forecast these figures to ensure that the company allocates sufficient funds to cover payroll expenses. It helps in financial planning, ensuring there are enough resources to meet payroll obligations while considering fluctuations in employee hours or changes in tax rates.

Other costs, such as employee training, office supplies, and advertising, are important for overall company operations but are not central to the payroll budget specifically. These expenses may fall under different budget categories, such as training and development budgets, administrative expenses, or marketing budgets, hence they do not focus directly on payroll costs.