Gross staff salary for the month is 218,400. Pay-sheet deductions to be made are loan recovery (1,450),

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Gross staff salary for the month is £218,400. Pay-sheet deductions to be made are loan recovery (£1,450), PAYE 10%, National Insurance 6%. Employer’s contribution for National Insurance is payable at 9%. Ascertain the net salary payable for the month and the amount to be remitted as total National Insurance contribution.

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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