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Employees Earn Vacation Pay at the Rate of One Day

Question 92

Multiple Choice

Employees earn vacation pay at the rate of one day per month.During July,25 employees qualify for one vacation day each.Their average daily wage is $100 per day.What is the amount of vacation benefit expense for the month of July?


A) $25
B) $100
C) $1,200
D) $2,500
E) $30,000

Correct Answer:

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