Question No 30:
SAD paid $240,000 in net wages to its employees in August. Employees’ tax was $24,000, employees’ national insurance was $12,000 and employer’s national insurance was $14,000. Employees had contributed $6,000 to a pension scheme and had voluntarily asked for $3,000 to be deducted for charitable giving.
What is the amount of wages expense to be charged to the income statement in August?
A. $285,000
B. $293,000
C. $296,000
D. $299,000
Answer: D
No comments:
Post a Comment