A company pays its employees $1,100 each Friday, which amounts to $220 per day f

Question

A company pays its employees $1,100 each Friday, which amounts to $220 per day for the five-day workweek that begins on Monday. If the monthly accounting period ends on Thursday and the employees worked through Thursday, the amount of salaries earned but unpaid at the end of the accounting period is:

A.) $1,100.

B.) $880.

C.) $440.

D.) $660.

E.) $220.

A company pays its employees $1,100 each Friday, which amounts to $220 per day for the five-day workweek that begins on Monday. If the monthly accounting period ends on Thursday and the employees worked through Thursday, the amount of salaries earned but unpaid at the end of the accounting period is:

Explanation / Answer

The amount of salaries earned but unpaid at th end of the accounting period is $880 (B)

Workings

220 * 4 days (mon,tue,wed,thurs)

= $880

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