Question $1$

The following information is available for Nakutumba$$s Accounting & Tax consultancy ltd$,$ a company that specialise in accounting and taxation for the year ended $28$ February $2018.$

$1.$ Employees benefit

All employees that work for Nakutumba$$s Accounting & Tax consultancy ltd have been employed since incorporation of the company in $2008,$ except for Pietade, who was employed from $1$ September $2017.$

All employees are entitled to two days leave per month employed at Nakutumba$$s Accounting & Tax consultancy ltd$.$ The company applies the first in first out method on leave taken by employees. The leave transferred from the previous year is therefore taken first. Leave not taken during a financial year, up to a maximum of six days, can be transferred to the following financial year. The remaining portion that is not carried forward is forfeited. The leave carried forward should be taken within the first three months of the following financial year. If not taken, it will be paid out in cash to employees on $1$ June of each year. No leave was paid out by Nakutumba$$s Accounting & Tax consultancy ltd during the financial year ended $28$ February $2018.$

Information obtained from the Human Resources department as at $28$ February $2018$ was as follows:

Employee Basic annual salary Working days per year Closing balance of leave: $28$ Feb $2017$ Leave taken during the year: $1$ March $201728$ Feb $2018$

Mathew N$$148500225622$

Olvia N$$103500225322$

Valeria N$$103500225823$

Fransina N$$81000225323$

Pietade N$$8100022506$

N$$517500$

The accrual for leave on $28$ February $2017$ was N$$8347.$

Employees are entitled to a thirteenth cheque on $28$ February of every financial year. This bonus is proportioned based on the number of months employed in a specific financial year. Due to cash flow difficulties that Nakutumba$$s Accounting and Tax consultancy ltd experienced, the directors of the company announced that bonuses will not be paid out on $28$ February $2018,$ but only later when suffient cash is available.

Fransina convinced the directors that she urgently needed funds and received her full bonus for the year ended $28$ February $2018,$ as well as N$$5620$ of her bonus for the financial year ending $28$ February $2019.$ Both the current and the portion of the following years bonuses for Fransina were paid out on $28$ February $2018.$

Required

Calculate the short term employee benefits as it would appear in the note on profit before tax in the annual financial statements of Nakutumba$$s Accounting & Tax consultancy ltd for the year ended $28$ February $2018.$