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
Q49: Post-employment benefits include:
A) Cash payments.
B) Pensions payable
Q50: A non-contributory superannuation fund means:
A) No contributions
Q51: In Australia,employee entitlements are protected in the
Q52: Entity A contributes to a defined benefit
Q53: Junior Ltd employs three workers to develop
Q55: The expense recognised by an employer for
Q56: Junior Ltd employs three workers to develop
Q57: AASB 119 defines 'employee benefits' as:
A) Salaries
Q58: Trailers of the World has a small
Q59: When salaries and wages are capitalised as
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents