SAD paid $240,000 in net wages to its employees in August 20X2. Employees' tax was $24,000, employees' national insurance was $12,000 and employer's national insurance was $14,000. Employees had contributed $6,000 to a pension scheme and had voluntarily asked for $3,000 to be deducted for charitable giving. The amount to be charged to the income statement in August 20X2 for wages is $ ........................................
SAD paid $240,000 in net wages to its employees in August 20X2. Employees' tax was $24,000, employees' national insurance was $12,000 and employer's national insurance was $14,000. Employees had contributed $6,000 to a pension scheme and had voluntarily asked for $3,000 to be deducted for charitable giving. The amount to be charged to the income statement in August 20X2 for wages is $ ........................................
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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SAD paid $240,000 in net wages to its employees in August 20X2. Employees' tax was $24,000, employees'
national insurance was $12,000 and employer's national insurance was $14,000. Employees had contributed
$6,000 to a pension scheme and had voluntarily asked for $3,000 to be deducted for charitable giving.
The amount to be charged to the income statement in August 20X2 for wages is $ ........................................
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