Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

BSBFIM502 Assessment.v1.0 - Word X IA Monday 8.30am to 6.30 pm with 8.00am to 6.00 pm with 9.30am to 6.30pm with Assessment 2 - Case

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
BSBFIM502 Assessment.v1.0 - Word X IA Monday 8.30am to 6.30 pm with 8.00am to 6.00 pm with 9.30am to 6.30pm with Assessment 2 - Case Studies 1 & 2 1-hour break 1-hour break 1-hour break Tuesday 9.00am to 5.30 pm with 8.30am to 5.30 pm with 8.00am to 5.30pm with 1. You work as a payroll officer for ABC Company and you have extracted the information 0.5 hours break 1-hour break 1-hour break Wednesday 8.30am to 6.00 pm with 8.30am to 7.30pm with 7.30am to 5.00pm with below from the company history cards: 1-hour break 1-hour break 1-hour break Thursday 9.00am to 7.00pm with 1- 9.00am to 5.10 pm with 8.00am to 5.00pm with Staff A Staff B Staff C hour break 0.5 hours break I-hour break Name Friday 8.30am to 5.30pm with 8.30am to 5.30pm with 8.30am to 5.30pm with Employee number w N 0.5 hours break Street, 3 Sample Street, 0.5 hours break 1-hour break Address 1 Sample Street, 2 Sample S Saturday 9.00am to 2.00 pm with Sunnyplace Sunnyplace Sunnyplace 0.5 hours break Sunday 9.00am to 1.00pm Date of Birth 14/ 12/1985 9/12/1984 12/06/1980 Employment status Full-time Casual Full-time Sample timesheet: Reception Team leader Employee name: Staff A Employee Number. Occupation Supervisor Week Number Week Ending Date Commenced 1/01/2004 2/02/2012 3/03/2000 Day Starting Finishing Time Total Normal Overtime Current wage rate or $24/ hour $16/ hour $18/ hour time time off hours/ time hours meals minutes hours annual salary Monday Tuesday Note that employees are paid under an award that requires 38 hours per week of work (for Wednesday 7.60 hours per day, for 5 days). Any employees who work over 7.60 hours per day will Thursday Friday receive overtime payment at 1.5 times the normal rate on Monday to Friday and any work Saturday on Saturday is paid at 1.5 times. Sunday is double time. This is week 5 and the ending work Sunday date is 26/02/20XX. Total Total hours worked during the week: Total gross payment: You are required to complete the timesheets and calculate the total gross payment amount for all 3 staff members. Sample timesheet: Employee name: Staff B Employee Number. Week Number. Week Ending The 3 staff members working hours are: Day Starting Finishing Time Tota Normal Overtime time time off/ hours/ time hours meals minutes hours Day Staff A Staff B Staff C 140% #6 11-12 . # 21 686IA BSBFIM502 Assessment.v1.0 - Word X Monday Tuesday 2. The following tax and superannuateon details have been extracted from the employee's Wednesday Thursday history card. You are required to prepare payroll and in accordance with organisation Friday policy and procedures. Please use information from both Case Studies 1 and 2 to prepare Saturday staff A's employee earnings card, cash analysis sheet and Staff A's employee pay advice Sunday Totals slip. The relevant templates have been provided. Total hours worked during the week: Total gross payment Name Staff A Staff B Staff C Sample timesheet: Deductions: Employee name: Staff C Employee Number: Health insurance $22 per week $12 per week Nil Week Number. Week Ending: Superannuateon $25 per week Nil Nil Day Starting Finishing Time Total Normal Overtime time time off/ hours/ time hours meals minutes hours Monday ABC Company Tuesday Payroll register for week ending: Wednesday Thursday Employee Name Totals Friday Saturday Staff A Staff B Staff C Sunday Totals HOURS WORKED Total hours worked during the week: Total gross payment Normal hours Overtime hours (x 1.5) Overtime hours (x 2) ENTITLEMENTS Normal pay ($) 140% BB 13-14 . # 21 626BSBFIM502 Assessment.v1.0 - Word X Overtime hours x 1.5 x normal pay rate ($) Overtime hours x 2 x normal pay rate ($) GROSS PAY ($) DEDUCTIONS ($) Income tax ($) 271 74 151 496 Medical association ($) Superannuateon ($) TOTAL DEDUCTIONS ($) NET PAY ($) Employee earnings card for year ending: 26.02.20Xx Name: Employee no: Address Pay Accumulated period Gross pay Deductions Net totals ending pay Date Normal 15 $ 2.0$ Gross PAYG Medical Super |Total Gross | Tax pay tax ass'n pay $ withheld Balance 10,000 3300 26.02.XX 15-16 . # 21 286 140%IA BSBFIM502 Assessment.v1.0 - Word X ABC Company Deductions Amount Cash analysis sheet for week ending: 26.02.Xx PAYG tax Notes Coins Superannuateon Employee Net name pay $100 $50 $20 $10 $5 $1 504 204 10 54 Health insurance $2 Total deductions Staff A Assessor needs to use the below checklist to assess the 2 Case Studies. Staff B Items Yes/ No Comments Staff C Case Study 1- Timesheet Staff A Totals Case Study 1- Timesheet Staff B ABC Company pay slip advice slip Case Study 1- Timesheet Staff C Employee no: Pay period ending: Employee name: Case Study 2 - Payroll Register Wages, overtime and allowances Hours Rate Amount Case Study 2 - Employee Earnings Card - Staff A Wages Case Study 2 - Cash Analysis Sheet Overtime Allowances N/A N/A N/A Case Study 2 - Company Pay Slip Advice Slip - Staff A Payment summary This pay Wages Gross pay Assessed by PAYG tax Deductions Net pay Assessor Signature_ Date 140% #6 17-18 . # 21 626

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Asymmetric Cost Behavior Implications For The Credit And Financial Risk Of A Firm

Authors: Kristina Reimer

1st Edition

3658228210, 9783658228217

More Books

Students also viewed these Accounting questions

Question

What should Belindas and Marcus next steps be?

Answered: 1 week ago