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

question 28

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 correct?
$$\begin{array} { | l | l | r | r | } \hline \mathrm { Dr } & \text { Provision for sick leave } & 240 & \\\hline \mathrm { Dr } & \text { Salaries and wages } & 160 & \\\hline \mathrm { Cr } & \text { PAYG tax payable } & & 80 \\\hline \mathrm { Cr } & \text { Cash } & & 320 \\\hline\end{array}$$

• A) The employee's gross salary is $400 per week.
• B) The employee was absent from work for 3 days during the week and was paid for his/her absence.
• C) The PAYG tax rate for this employee is 20%.
• D) All of the given answers are correct.

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Definitions:

Southwest Airlines

An American airline known for its low-cost travel options, customer-friendly policies, and an organizational culture emphasizing employee satisfaction and operational efficiency.

Social Media Engagement

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Connected

Refers to the state of being linked or having established communications with other entities, often used in the context of internet connectivity or networks.

Community

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