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Q 8 (Max Marks: 11) The records of Copytime Ltd show the following figures: a) Ordinary time earnings b) Overtime Pay c) Total Employee earnings
Q 8 (Max Marks: 11) The records of Copytime Ltd show the following figures: a) Ordinary time earnings b) Overtime Pay c) Total Employee earnings d) Medical Insurance e) Total deductions f) Net pay g) PAYG h) Charitable Contribution Showtime's total employment expense ?? $5,000 ?? $1,000 $18,000 $64,000 $15,000 ?? ?? i) Note: Copytime pays 9% superannuation & 4% payroll tax on wages & salaries. Required: Determine the missing amounts. Show calculations clearly Journalise Copytime's payroll for the month. No explanation is required. (Marks:7) (Marks: 4) i)
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