Salaries and wages

How will the medical aid contribution be posted?

• Debit expense Credit liability

• Debit liability Credit liability

• Debit expense Credit expense

• Debit liability Credit expense

Which amount will be paid into the employees account?

• Gross salary

• Net Salary

• Deductions

• Contributions

Which amount is the full expense to employ an individual?

• Gross salary + contributions

• Net Salary + contributions

• Gross salary

• Net salary

Which account will not be seen as a liability?

• Oldies Pension fund

• Creditors for salaries

• Salaries and wages

• SARS: PAYE

Which contribution will only be a contribution and never a deduction?

• Pension fund

• UIF

• SDL

• Medical aid

When R800 is deducted monthly from a wage worker that is paid every week, what amount will be deducted weekly if the amount is evenly spread over the weeks?

• 200

• 400

• 800

• 3 200

All deductions will be seen as?

• Assets

• Liabilities

• Income

• Expenses

The gross wage will be seen as an/a?

• Asset

• Liability

• Income

• Expense

Net salaries will always be seen as an/a?

• Asset

• Liability

• Income

• Expense

When a wage worker works overtime, will this be part of gross wage or basic wage

• Gross

• Basic