Chapter 29 – Solutions
Multiple Choice Solutions
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b) Total employee social charges are 14.2% of gross salary.
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c) The contribution ceiling is €9,000 per month (as of 2025).
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c) Employer social charges range from 15.7% - 16.7% depending on accident insurance rate.
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b) Meal vouchers are exempt up to €10.80 per day (as of 2025).
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d) The minimum wage for skilled workers is €3,085.12 per month (as of 2025).
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b) Payroll declarations must be filed by 15th of following month.
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b) Account 641 is used for salaries and wages.
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d) Overtime pay for hours beyond the first 2 hours is 200% of regular rate.
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b) Standard vacation entitlement is 25 working days per year.
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c) Luxembourg has 11 public holidays.
Note: Complete solutions for Problems Set A, Set B, and Comprehensive Problem are available in the instructor solutions manual.
End of Chapter 29 Solutions