8A XYZ Ltd signs a contract on 1 May 2022 for a new CEO at $50 000

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8A XYZ Ltd signs a contract on 1 May 2022 for a new CEO at $50 000 per month for the next two years. The CEO starts work on 1 June 2022 but no cash is paid to the CEO until 5 July 2022. What is the amount of the liability at 30 June 2022?

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