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EMPLOYEE BENEFITS
PROBLEMS
6 1. (Red Hot Company) Correction: Headings of the given data, as well as requirement (a) should
be 2014, not 2013.
(b) Employee Benefit Expense for Sick Leave and Vacation Leave
Sick Leave 5 x P450 P2,250
10 x 420 4,200
2 x 400 800
2 x 380 760 P8,010
Vacation Leave 12 x P450 P5,400
12 x 420 5,040
2 x 400 800
5 x 380 1,900 13,140
Total P21,150
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