Use the Following Information to Answer Questions Sick Leave Vests

question 35

Multiple Choice

Use the following information to answer Questions Sick leave vests at the completion of the fifth year of employment, and unused sick leave is paid in cash upon termination or retirement. During the fiscal year ended 6/30/18, city employees who are paid from the general fund earned $2.8 million of sick leave, of which $1.0 was taken. Of the balance, the city estimates that $0.2 million will be taken in the next 60 days, $0.6 million will be taken in the next five years, $0.4 million will vest, and $0.6 million will never be taken.
-The amount of sick leave expenditures that should appear on the general fund financial statements for the fiscal year ended 6/30/18 is

• A) $1.4 million.
• B) $1.3 million.
• C) $0.6 million.
• D) $1.0million.

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