Wisconsin State Statute 346.18 is also commonly known as: Choose one A. Wisconsin Act 105 B. Wisconsin Act 173 C. Taxpayer Relie
2 answers:
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Answer:
$2,000
Explanation:
Given:
Weekly payroll = $5,000
Number of working days for which wages are paid from Monday to Friday = 5
Wages paid per day =
or
Wages paid per day =
or
Wages paid per day = $1,000
Thus,
from Monday to Tuesday total wages paid
= Wages per day × Number of days
= $1,000 × 2
= $2,000
Hence, the amount of Wages Expense that should be recorded on that date is $2,000