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The Following Journal Entry Accounts for One Week's (Five Days)salaries

Question 54

Multiple Choice

The following journal entry accounts for one week's (five days) salaries and wages for an employee: 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. 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.

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