Respuesta :
The amount of Wages Expense that should be recorded on that date is $2,800
What Is a Wage Expense?
A wage expense is the cost incurred by companies to pay hourly workers. This line item may also include payroll levies and benefits paid to workers. A wage expense may be recorded as a line item in the expense portion of the income statement
Evaluation of wages expenses :
Weekly payroll = $5,000
Number of working days for which wages are paid from Monday to Friday = 5
Wages paid per day = Weekly payroll ÷ Number of days
or
Wages paid per day = $7000 ÷ 5
or
Wages paid per day = $1,400
Thus,
from Monday to Tuesday total wages paid
= Wages per day × Number of days
= $1,400 × 2
= $2,800
Hence, the amount of Wages Expense that should be recorded on that date is $2,800
How do you calculate wage expense?
Calculate an employee's labor cost per hour by adding their gross stipend to the total cost of affiliated charges( including periodic payroll taxes and periodic outflow), also dividing by the number of hours the hand works each time.
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