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The following data relates to the companies where all for a month just ended;
paid to employees $67,000
Employee’s National insurance contributions $21,000
Employer’s national insurance contributions $13,200
Income tax $36,300
Employer’s contribution to employees’ pension fund $15,000
What is the total labor cost for the month?
A.$152500
B.$139300
C.$137500
D.$124300You must surely have an answer to this in the same book in which you found the question, so ask about whatever it is in the workings that you are not clear about and then I will explain.
The answer is A
Thank You very much sir for your help…I got this quiz from skans notes and its answer was not given there and I am also week in payroll topic. so to get my concept clear I asked his question.
Thanks Again
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