Accounting Multiple Choice Question – 6 February 2024

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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