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Calculate the employee benefits expense for sick leave

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Reference no: EM131803286

Auckland Ltd has 200 employees who each earn a gross wage of $140 per day. Auckland Ltd provides 5 days of paid non-accumulating sick leave for each employee per annum. During the year, 150 days of paid sick leave and 20 days of unpaid sick leave were taken. Staff turnover is negligible.

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Calculate the employee benefits expense for sick leave during the year and the amount that should be recognised as a liability, if any, for sick leave at the end of the year.

Reference no: EM131803286

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