QUESTION 1 The following data relates to Sephakor Ltd for the month of April 2020. Bonus (GHS) 30 30 760 40 430 40 440 35 350 30 450 Names of Employees Rates per hour (GHS) units of job Adusei Poku Kwame Bekoe 25 Samuel Ato 45 Serwaa Akoto 45 James Obli 25 Additional information: NB - It takes thours to complete a unit job 1) Income tax is 10% Rent allowance is 15% of basic wages Risk allowance is at 5% of basic iv) The SSF contribution is 15%. (vi)Provident fund contribution is 13% of basic v) SSF & Provident fund are non-taxable deductions i. You are required to prepare payroll for the month showing: Basic wages (3 marks) ii. Gross wages (3 marks) Total deductions (4 marks) iv. Net wages (4 marks) State the reasons why SSF & Provident Fund are non-taxable (2marks) (Total 16marks) V