An employee has a gross monthly salary of $1,000. In September the tax deducted was $200, the employee's national insurance was $60, and the employer's national insurance was $100. What was the charge for salaries in the income statement? A $740 B $940 C $1,000 D $1,100

An employee has a gross monthly salary of $1,000. In September the tax deducted was $200, the employee's national insurance was $60, and the employer's national insurance was $100. What was the charge for salaries in the income statement? A $740 B $940 C $1,000 D $1,100

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter5: Unemployment Compensation Taxes

Section: Chapter Questions

Problem 5PB

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Question

An employee has a gross monthly salary of $1,000. In September the tax deducted was $200, the

employee's national insurance was $60, and the employer's national insurance was $100. What was the

charge for salaries in the income statement?

A $740

B $940

C $1,000

D $1,100

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