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Calculate and journalise the weekly accrual for sick leave

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Reference no: EM132499400

Tiare Ltd has a weekly payroll of $26,000. All staff are entitled to 5 days of paid sick leave per year Historical records show:

  1. 40% of staff take 5 days sick leave (full entitlement)
  2. 30% take 3 days sick leave
  3. 20% take 1 day of sick leave
  4. 10% do not take any sick leave

Required

Question 1: Assume sick leave is vesting. Calculate and journalise the weekly accrual for sick leave.

Question 2: Assume sick leave is non-vesting. Calculate and journalise the weekly accrual for sick leave.

Reference no: EM132499400

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