Accounting Multiple Choice Question – 30 January 2024

The following data has been extracted from the payroll records of Alex Trading Ltd for the month of December 2023.

• PAYE – £17,000
• Employer’s NIC – £7,500
• Employees’ NIC – £6,000
• Cash paid to employees – £50,000

The wage expense for the month is?

Select ONE answer:

1. £50,000
2. £56,000
3. £74,500
4. £80,500

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct – 50,000 + 17,000 + 7,500 + 6,000 = £80,500

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