Question 2: Employee Benefits [7 Marks] XYZ Ltd employs five staff. Each staff member is entitled to 20 days annual leave per annum. Leave loading of 15.5% is paid when the leave istaken. Details of each employee leave entitlement at 30th May 2021 are as follows:

Employee Salary Days owing @ 1/6/20 Days taken during the year

Josua $35,000 15 10

Tariq $30,000 10 12

Ram $60,000 12 8

Ian $62,500 7 17

Shalend $50,000 8 13

Additional information: There are 260 workdays in a year. On 1st June 2020, each year, all employees receive a 5% wage rise. There are no other wage rises given duringthe year. Required: Calculate the provision for annual leave for each employee as of 30th May 2021.