QUESTION 1

Garfield Enterprises employs 3 employees and run their payroll on 25th of each month. Employees are paid via magnetic tape.

The EMP201 return is submitted on the last day of each month together with a cheque for the amount owing.

Garfield Enterprises pays a pension fund fringe benefit equal to the employees' own pension fund contribution.

Garfield Enterprises pays the amounts owing, on behalf of the employees, to the Pension Fund and Medical Aid Fund on the last day

of the month.

PAYE/ SDL remuneration is gross salary less deductible retirement fund contributions.

Maximum monthly threshold for UIF remuneration is R 14 872.

The following information was taken from the books of Garfield Enterprises for May 2019:

Name of Basic Travel Pension Pension PAYE/SDL UIF PAYE Medical Aid employees Salary Allowance Fund Fund Remuneration Remuneration Payable Contributions Fringe Deductions Benefit Odie Dog 15 000.00 3 600.00 1 500.00 4 800.00 1 800.00 John A 26 000.00 4 500.00 2 200.00 6 700.00 2 600.00 Liz W 35 000.00 5 800.00 A 2 800.00 B C 8 200.00 3 500.00 Salaries Journal of Garfield Enterprises for May 2019 Name of Calculation of Gross Salary Deductions Employers Contributions Employee Basic Travel Gross PAYE UIF Pension Medical Net UIF SDL Pension Allowance Salary Fund Aid Salary Fund Odie Dog 15 000.00 3 600.00 4 800.00 148.72 1 500.00 1 800.00 John A 26 000.00 4 500.00 6 700.00 148.72 2 200.00 2 600.00 Liz W 35 000.00 5 800.00 D 8 200.00 148.72 2 800.00 3 500.00 E F G H Total 446.16 6 500.00 7 900.00 56 853.84 446.16 834.00 6 500.00