Matrix multiplication involves taking the dot product of rows from the first matrix with columns from the second matrix. Here, the second matrix is the identity matrix:
\[
\left[
\begin{matrix}
1 & 0 \\
0 & 1
\end{matrix}
\right]
\]
Multiplying any matrix with the identity matrix will return the original matrix. Therefore, multiplying:
\[
\left[
\begin{matrix}
1 & 2 \\
3 & 4
\end{matrix}
\right]
\left[
\begin{matrix}
1 & 0 \\
0 & 1
\end{matrix}
\right]
=
\left[
\begin{matrix}
1 & 2 \\
3 & 4
\end{matrix}
\right]
\]
Thus, the correct answer is option (B).