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

question 32

Multiple Choice

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.

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Definitions:

Nurture

The process of caring for and encouraging the growth or development of someone or something.

Non-normative Influence

Influences or events that do not follow the expected life patterns or timelines but significantly impact individual development.

Cohorts

Groups of people who share a common characteristic or experience within a defined period.

Decades

Periods of ten years.