A business paid out $12,450 in net wages to its employees. In respect of these wages, the following amounts were shown in the statement of financial position. $ Income tax payable 2,480 National Insurance payable – employees' 1,350 – employer's 1,500 Pension payable for employees' contributions 900 Employees' gross wages, before deductions, were ........................................
A business paid out $12,450 in net wages to its employees. In respect of these wages, the following amounts were shown in the statement of financial position. $ Income tax payable 2,480 National Insurance payable – employees' 1,350 – employer's 1,500 Pension payable for employees' contributions 900 Employees' gross wages, before deductions, were ........................................
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter8: Employer Taxes, Payments, And Reports
Section: Chapter Questions
Problem 4PA
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Question
A business paid out $12,450 in net wages to its employees. In respect of these wages, the following
amounts were shown in the
$
Income tax payable 2,480
National Insurance payable – employees' 1,350
– employer's 1,500
Pension payable for employees' contributions 900
Employees' gross wages, before deductions, were ........................................
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