SAD paid $240,000 in net wages to its employees in August. Employees' tax was $24,000, employees'...
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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? 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?
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Answer rating: 100% (QA)
Answer Option D 299000 Particulars in Net wages 240000 Add Em... View the full answer
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Posted Date:
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