Employees earn vacation pay at the rate of one day per month. during the month of july, 32 employees qualify for one vacation day each. their average daily wage is $107 per day. what is the amount of vacation benefit expense to be recorded for the month of july?

Question

Business

Jaidyn Carney

28 April, 11:08

Employees earn vacation pay at the rate of one day per month. during the month of july, 32 employees qualify for one vacation day each. their average daily wage is $107 per day. what is the amount of vacation benefit expense to be recorded for the month of july?

+3

Answers (1)

Know the Answer?

Leon Mcintosh · Answer 1

We let x be the amount of vacation benefit expense that has to be recorded for the month of July.

The equation that allows us to answer this question is,

x = (32 employees) x ($107 / employees)

x = $3,424

The amount of vacation benefit expense to be recorded for the month of July is equal to $3,424.