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A companys employee earns a monthly salary of 1.400. Income taxes withheld are 280 . Social security contributions made by employee are 5% while the
A companys employee earns a monthly salary of 1.400. Income taxes withheld are 280 . Social security contributions made by employee are 5% while the ones done by the employer, represent 12%. Payment always takes place on the 28th of each month.
What is the total amount of the monthly liabilities recorded by the company for this employee if the accounting entry is being recorded on the last day of the month?
Select one:
a. 1,400
b. 518
c. 350
d. I want to leave the question blank
e. 238
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