Day: February 6, 2024

Accounting Multiple Choice Question – 6 February 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Photo by Olya Kobruseva on Pexels.com

A business has the following payroll costs for a month:

  • Gross pay – £38,600
  • Income tax – £5,400
  • Employee’s national insurance – £3,100
  • Employer’s national insurance – £3,500

What is the wages cost to the business for the month?

Select ONE answer:

  1. £38,600
  2. £42,100
  3. £47,100
  4. £50,600

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 2

  1. Not correct
  2. Correct – 38,600 + 3,500 = £42,100
  3. Not correct
  4. Not correct

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