Accounting A company has a fortnightly payroll of $200,000. On average, 50% of the employees take their
Fantastic news! We've Found the answer you've been seeking!
Question:
Accounting A company has a fortnightly payroll of $200,000. On average, 50% of the employees take their full entitlement of two weeks sick leave, 30% take half of their full entitlement and 10% take only one day of sick leave per year. The company deducts 20% income tax and 10% for superannuation. All deductions are paid out by the 15th of the following month. Assume the pay period ends on Friday 3rd July and the financial year ends on 30th June. What is the annual fortnight sick leave expense ? (assume vesting
A. $7,692
B. $200,000
C. $132,000
D. $5,077
Related Book For
Accounting Information Systems
ISBN: 978-0133428537
13th edition
Authors: Marshall B. Romney, Paul J. Steinbart
Posted Date: