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Kerry Gill Works for Kentucky Enterprises for an Annual Salary

Question 30

Multiple Choice

Kerry Gill works for Kentucky Enterprises for an annual salary of $60,000.Kerry is entitled to 4 weeks' annual leave per year with a leave loading of 17.5 per cent.What entry each week,additional to the one recording wages expense and PAYG tax deduction,would be required to accrue Kerry's entitlement to annual leave? When Kerry takes his 4 weeks' annual leave,what entry would be made to record this (only) ? The tax is calculated at 30 per cent.(Assume that there are 52 weeks in a year and round to the nearest dollar.)


A) Kerry Gill works for Kentucky Enterprises for an annual salary of $60,000.Kerry is entitled to 4 weeks' annual leave per year with a leave loading of 17.5 per cent.What entry each week,additional to the one recording wages expense and PAYG tax deduction,would be required to accrue Kerry's entitlement to annual leave? When Kerry takes his 4 weeks' annual leave,what entry would be made to record this (only) ? The tax is calculated at 30 per cent.(Assume that there are 52 weeks in a year and round to the nearest dollar.) A) B) C) D) E) None of the given answers.
B) Kerry Gill works for Kentucky Enterprises for an annual salary of $60,000.Kerry is entitled to 4 weeks' annual leave per year with a leave loading of 17.5 per cent.What entry each week,additional to the one recording wages expense and PAYG tax deduction,would be required to accrue Kerry's entitlement to annual leave? When Kerry takes his 4 weeks' annual leave,what entry would be made to record this (only) ? The tax is calculated at 30 per cent.(Assume that there are 52 weeks in a year and round to the nearest dollar.) A) B) C) D) E) None of the given answers.
C) Kerry Gill works for Kentucky Enterprises for an annual salary of $60,000.Kerry is entitled to 4 weeks' annual leave per year with a leave loading of 17.5 per cent.What entry each week,additional to the one recording wages expense and PAYG tax deduction,would be required to accrue Kerry's entitlement to annual leave? When Kerry takes his 4 weeks' annual leave,what entry would be made to record this (only) ? The tax is calculated at 30 per cent.(Assume that there are 52 weeks in a year and round to the nearest dollar.) A) B) C) D) E) None of the given answers.
D) Kerry Gill works for Kentucky Enterprises for an annual salary of $60,000.Kerry is entitled to 4 weeks' annual leave per year with a leave loading of 17.5 per cent.What entry each week,additional to the one recording wages expense and PAYG tax deduction,would be required to accrue Kerry's entitlement to annual leave? When Kerry takes his 4 weeks' annual leave,what entry would be made to record this (only) ? The tax is calculated at 30 per cent.(Assume that there are 52 weeks in a year and round to the nearest dollar.) A) B) C) D) E) None of the given answers.
E) None of the given answers.

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