Question One The following is the draft payroll of the Thunderbolts for February 2022 Elaine Sherica Shelly INCOME Basic Pay 95,000 120,000 320,000 Overtime 12,000 0 0 Travelling 0 15,000 20,000 Uniform 10,000 10,000 15,000 Protective Clothing 20,000 0 0 Material Aid & Supplies 5,000 0 0 Commission 0 20,000 Entertainment Allowance 0 0 35,000 GROSS PAY 142,000 165,000 390,000 Total Taxable 3 DEDUCTIONS NIS NHT EDUCATION TAX INCOME TAX Pension Union Dues Health Insurance Loan Repayment Total Deductions NET PAY Required 3 3 3 3 9,500 12,000 32,000 3,000 3,000 3,000 3,200 3,200 3,200 0 0 60,000 1. Copy and Complete the payroll for the month 2. Define the term Statutory Deductions and state its usefulness to the national economy 3. State two advantages to the employer when wages and salaries are determined by a. Time Rate b. Piece Rate 3 (18 marks) (3 marks) ( 4 marks)