Question 20 Not yet answered Marked out of 2.00 P Flag question Time left 1:22 11 Entity A has a 31 December year end. It pays bonuses to employees who provided services during the year and remain on the payroll at 31 March the following year. The bonus is determined as 5% of the entity's profit after tax and each employees' entitlement is determined at 31 December There is no re-allocation of the amount payable to each employee if employees leave before 31 March. On average, 1% of employees leave each month The profit after tax for the 2020 year amounted to R100m Calculate the amount to be accrued for the year ended 31 Dec 2020 in regard to bonus provision