Slater is entitled to 4 weeks annual leave a year with a leave loading of 17.5% and

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Slater is entitled to 4 weeks annual leave a year with a leave loading of 17.5% and has four weeks leave, to the value of $19,000, accrued at the end of his first year of employment. On the first day of his second year of service,

Slater is given a pay rise to bring his salary up to $300,000 per annum. After the pay rise, Slater's annual leave payable must be adjusted by:

A. $9,115

B. $14,115

C. $8,115

D. $7,115

E. No adjustment is necessary

Related Book For answer-question

Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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Posted Date: Jun 14, 2021 10:01 PM

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Slater is entitled to 4 weeks annual leave a year with a leave loading of 17.5% and

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ANSWER C is the correct answer 8115 The duration of earnedannual leave d... View the full answer

Introduction to Financial Accounting

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