The following journal entry accounts for one week's (five days) salaries and wages for an employee:
Which of the following statements is(are) correct?
A) That the employee's gross salary is $400 per week.
B) That the employee was absent from work for 3 days during the week and was paid for his/her absence.
C) That the employee's bank account is credited with an amount of $320 for his/her week's work.
D) That the PAYG tax rate for this employee is 20 per cent.
E) All of the given answers.
Correct Answer:
Verified
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