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Question - Onion plc operates a defined contribution plan for employees and have agreed to contribute 10% of employees' total remuneration into the plan each year. Total salaries for the year ended 31 March 2021 amount to £15 million. The company also made bonus payments of £2 million during the year. Onion had already paid contributions of £0.5 million during the year. What is the outstanding payment in relation to contributions for the year ended 31 March 2021?
A. 1.2m
B. 1.0m
C. 1.7m
D. 0.5m
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ABC uses the effective method of amortization. In its December 31,2017 balance sheet, what amount should ABC report as investment in bonds?
ACC103 IT in Accounting Assignment Help and Solution - Calculate the income tax that each client would pay if people pay no income tax below $10,500
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