AutoSave Off GROUP WORK ONLINE 2021 - Compatibility Mode - Word Search shaz25379@gmail.com S 7 File Home Insert Design Layout References Mailings Review View Help Table Design Layout Share Comments X Cut Times New Rom 12 AA Aa to == = = [ AaBbCcDc AaBbCcDc AaBbC AaBbc AaBbc 1 Normal 11 No Spac. Heading 1 Heading 2 Title La Copy & Format Painter Find Sc Replace Select Paste BIU ab X, X A LA Dictate Editor Clipboard Editing Voice Editor Font Paragraph Styles 1...|.. ...|illlllllll.2!!!!!!!!!!!!!!4.....5...!!!! ...|..... L On April 1, 2017, the income tax threshold for Jamaican workers was increased to $1,500,096 per annum. Karen James is employed as an assistant accountant at a local distribution company. She is paid an annual basic salary of $2,400,000. She also receives monthly non-taxable uniform and laundry allowance of $12,000 and taxable meal allowance of $8,000 monthly. Notes: 51...4.1.3.1.1.2.1.1.1.1.1., Statutory Rates Deductions Employee's Rate Employer's Rate Income tax 25% of taxable income NIS 2.5% of gross income 2.5% of gross income Education Tax 2.25% of statutory income 3.5% of statutory income NHT 2% of gross income 3% of gross income (11)NIS is paid at 2.5% of gross income up to $1.500.000 p.a. after that the "flat rate" applies. (111) The following personal deductions are made from Karen James'salary: Credit Page 2 of 3 428 words Focus 100% Type here to search 12:26 AM 3/22/2021 AutoSave Off GROUP WORK ONLINE 2021 - Compatibility Mode - Word Search shaz25379@gmail.com S 7 File Home Insert Design Layout References Mailings Review View Help Table Design Layout Share Comments X Cut Times New Rom 12 A A Aa to == = = [ AaBbCcDc AaBbCcDc AaBbC AaBb C AaBb C 11 Normal 1 No Spac. Heading 1 Heading 2 Title LE Copy & Format Painter Find Sc Replace Select Paste BIUab x, X? APA Dictate Editor Clipboard Editing Voice Editor Font Paragraph Styles 1...|.. ://lllllllll... 2:11.1.3.1.1.1.4 ::11:15://l... ://l..... (111) The following personal deductions are made from Karen James' salary: Credit union $5,400 weekly: insurance $96,000 annually; and car loan of $20,000 monthly. (iv)The company operates a pension scheme to which Karen James makes a contribution of 5% of her basic salary. (v) For the month of April 2017, it is expected that Karen will earn overtime pay amounting to $24,000. ... 10.11.19...1...8:11.71 TL 1161111...5 Required: (a) Karen James net pay for the month of April 2017 (b) Prepare a summary that shows Karen's statutory deductions for April 2017. (c) Prepare a summary that shows the employer's statutory contributions for April 2017. Page 2 of 3 428 words Focus 100% Type here to search j O e 12:26 AM 3/22/2021