Question
Please show all working the So1 is Jamaica Tax Administration form please use NIS 3% NHT 2% ED TAX 2.25% income tax 25% after threshold
Please show all working the So1 is Jamaica Tax Administration form please use NIS 3% NHT 2% ED TAX 2.25% income tax 25% after threshold of 125008 Jamaica Payroll Tax system must be used
Tom Brown is a permanent employee, employed to Hand & Foot Academy as an instructor andis also a supervisor.She was paid $1,800,000 per annum, basic pay and 90,000 per annum as seniority allowance. Also, $6,000 AND $3,000 per month was paid for uniform and laundry, RESPECTJVELY.
NOTE: Tom is the ONLY monthly paid employee
After a LENGHTHLY negotiation which lasted for over THREE (3) years, between her trade union, (Jamaica Teachers Association) and her employer an increase was GRANTED at the beginning of financial year (September 20l 9) to cover the following periods:
Years (Sept-AUG) | % |
2015-2016 | 7 |
2016-2017 | 3 |
2017-2018 | 3 |
2018-2019 | 5 |
there was an increase, coveringher seniority functions, broken down as follows:
2015-2016 3
2016-20]7 4
2017 -2018 5
2018-2019 5
Uniform and laundry were also increased, broken down as follows:
2015 - 2016 | $90,000 (up from $60,000over the previousyears |
2016-2017 | $90,000 |
2017-2018 | $120,000 |
2018- 2019 | $120,000 |
Wendy's non-statutory deductions were as follows:
Trade union dues 1% Of basic pay Pension 5% of Basic pay
Life insurance: 2015 - 2016 $4000
2016-2017 | $5000 |
2017-2018 | $7000 |
2018-2019 | $7000 |
You are required to prepare:
- the pay roll register to cover; August 2019 and September 2019. This must be done in excel. (20 MARKS)
- SOl Form
- The Ledger accounts, including the salaries account (Sept 2019)
- Pay Statement for September (2018-19)
(b) Calculate Toms basic and gross pay for October 2018 and April 2019
Question (2b)
If Tom were to be granted a further increase of7.5% on (basic pay only), effective April 1, 2020, but payment would begin in September of the same year, how much would she received for:
- Retroactive
- Basic pay
- Gross pay
Question 2 (c)
John Brown is a weekly paid employee and works 40 Hours workweek which stai1s at 8:00Am and ends at s at 5 Pm Mondays to Fridays. Note: Lunch time is not paid for, although he is entitled to lunch break between 12 noon and 1: 00PM. His timecard captures his working information between Monday July 5, 2022 and Sunday 11, 2022
Weekl
Days of the week
Monday Tuesday Wednesday Thursday Friday Saturday Sunday
Time worked
8:00- 5:00
8:00 - 8.00
8:00- 6:30
7:30- 8:30
8:00- 7:00
8:00- 12 noon
9:00- 12noon
Required:
- Complete the Timecard to complete wages information
- If John earns $650 per hour and also receives overtime payment which broken down as follows: time & quarter during weekdays and double time over the weekends, calculate total earning for that week
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