QUESTION 1

Garfield Enterprises employs 3 employees and run their payroll on 25^th 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:

Required:

a) Complete the Salaries Journal for May 2019 by completing the missing amounts A - H. In yourr answer booklet write down yourr answer and applicable workings next to the corresponding letter.

b) Post the May Salaries Journal to the following accounts in the General Ledger of Garfield Enterprises for May 2019: (Balancing not required)

i) EMP201 Control (include payment to SARS and show your workings)

ii) Pension Fund Contribution

_____________________________________________________________________________________________________________________________________________________

I got the following results for Question (a) but i am not so sure:

A = 500, B = 8200, C = 148.72, D = 41300, E = 56 853.84, F = 148.7, G = 8 200, H = 6 500

Name of Basic Travel Pension Pension PAYE/SDL UIF PAYE Medical Aid employees Salary Allowance Fund Remuneration Remuneration Payable Contributions Fund Deductions Fringe 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 8 200.00 3 500.00 Employers Contributions Salaries Journal of Garfield Enterprises for May 2019 Name of Calculation of Gross Salary Deductions Employee Basic Travel Gross PAYE UIF Allowance Salary Pension Medical Net UIF SDL Pension Fund Aid Salary Fund Odie Dog 15 000.00 3 600.00 4 800.00 148.721 500.00 1 800.00 John A 26 000.00 4 500.00 6 700.00 148.722 200.00 2 600.00 Liz W 35 000.00 5 800.00 D 8 200.00 148.722 800.00 3 500.00 E LL G H Total 446.16 6 500.00 7 900.00 56 853.84 446.16 834.00 6 500.00 i) A= B = C= D = iv) v) E- vi) vii) F = vii) H DR EMP 201 Control B10 CR Date Details Fol. Amount Date Details Fol. Amount DR Pension Fund Contributions N11 CR Date Details Fol. Amount Date Details Fol. Amount 10 Calculation of gross salary Deductions Employers Contributions Basic Travel Pension Fund Fringe PAYE UIF Medical Aid Pension Net Pension 11 Name of employes Salary Allowance Benefit Gross Salary Payable Contributions Fund Salary UIF SDL Fund 12 O die Dog 15000 36001 500 191001 4800 148.72 1800 1500 10851.28 148.7 4800 1500 13 John A 26000 4500 500 31000 6700 148.72 2600 2200 19351.28 148.7 6700 22001 14 Liz W 35000 5800 5001 413001 8200 148.72 3500 2800 26651.28 148.7 8200 2800 15 Total 76000 13900 1500 91400 19700 446.16 7900 6500 56853.84 446.2 65001 Name of Basic Travel Pension Pension PAYE/SDL UIF PAYE Medical Aid employees Salary Allowance Fund Remuneration Remuneration Payable Contributions Fund Deductions Fringe 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 8 200.00 3 500.00 Employers Contributions Salaries Journal of Garfield Enterprises for May 2019 Name of Calculation of Gross Salary Deductions Employee Basic Travel Gross PAYE UIF Allowance Salary Pension Medical Net UIF SDL Pension Fund Aid Salary Fund Odie Dog 15 000.00 3 600.00 4 800.00 148.721 500.00 1 800.00 John A 26 000.00 4 500.00 6 700.00 148.722 200.00 2 600.00 Liz W 35 000.00 5 800.00 D 8 200.00 148.722 800.00 3 500.00 E LL G H Total 446.16 6 500.00 7 900.00 56 853.84 446.16 834.00 6 500.00 i) A= B = C= D = iv) v) E- vi) vii) F = vii) H DR EMP 201 Control B10 CR Date Details Fol. Amount Date Details Fol. Amount DR Pension Fund Contributions N11 CR Date Details Fol. Amount Date Details Fol. Amount 10 Calculation of gross salary Deductions Employers Contributions Basic Travel Pension Fund Fringe PAYE UIF Medical Aid Pension Net Pension 11 Name of employes Salary Allowance Benefit Gross Salary Payable Contributions Fund Salary UIF SDL Fund 12 O die Dog 15000 36001 500 191001 4800 148.72 1800 1500 10851.28 148.7 4800 1500 13 John A 26000 4500 500 31000 6700 148.72 2600 2200 19351.28 148.7 6700 22001 14 Liz W 35000 5800 5001 413001 8200 148.72 3500 2800 26651.28 148.7 8200 2800 15 Total 76000 13900 1500 91400 19700 446.16 7900 6500 56853.84 446.2 65001