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a)Ordinary time earnings ?? b)Overtime Pay $5000 c)Total Employee earnings ?? d)Medical Insurance $1000 e)T otal deductions $18000 f)Net pay $64000 g)PAYG $15000 h)Charitable Contribution
- a)Ordinary time earnings ??
- b)Overtime Pay $5000
- c)Total Employee earnings ??
- d)Medical Insurance $1000
- e)T otal deductions $18000
- f)Net pay $64000
- g)PAYG $15000
- h)Charitable Contribution ??
- i)Showtime's total employment expense??
Note: Copytime pays 9% superannuation & 4% payroll tax on wages & salaries.
Required:
- i)Determine the missing amounts. Show calculations clearly.
- ii)Journalise Copytime's payroll for the month. No explanation is required.
- (Marks:7) (Marks: 4)
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