A company employs 10 people with a total gross monthly salary of 40,000. The employer's...
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Accounting
A company employs 10 people with a total gross monthly salary of 40,000. The employer's social security contribution rate is 40%. The employee social security contribution rate is 20%. Wages are paid at the end of each month and social security contributions are paid on the 15th of the following month. Determine the amounts that will be recorded as expenses for the month of January and for the month of February for the personnel costs generated by the work done in January
Please choose one answer: 56,000 in January and 0 in February 40,000 in January and 24,000 in February 32,000 in January and 24,000 in February 40,000 in January and 16,000 in February
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