Question
The East Indies Corporation has four employees. The following is the payroll spreadsheet for the month of May 2022 AKEIL HAYDEN SHAI POORAN INCOME Basic
The East Indies Corporation has four employees. The following is the payroll spreadsheet for the month of May 2022
| AKEIL | HAYDEN | SHAI | POORAN |
INCOME |
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Basic Pay | 60,000 | 130,000 | 155,000 | 350,000 |
Overtime | 18,000 | 30,000 | 0 | 0 |
Traveling | 0 | 0 | 20,000 | 25,000 |
Housing Allowance | 0 | 0 | 0 | 25,000 |
Material Aid and Supplies | 22,000 | 0 | 0 | 0 |
Uniform | 22,500 | 22,500 | 22,500 | 28,000 |
Commission | 0 | 35,000 | 0 | 0 |
Protective Clothing | 20,000 | 0 | 0 | 0 |
Entertainment Allowance | 0 | 0 | 0 | 35,000 |
GROSS PAY | 142,500 | 217,500 | 197,500 | 463,000 |
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Total Taxable Pay |
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DEDUCTIONS | ||||
NIS |
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NHT |
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EDUCATION TAX |
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INCOME TAX |
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Pension | 6,000 | 13,000 | 15,500 | 35,000 |
Union Dues | 2,000 | 2,000 | 2,000 | 2,000 |
Health Insurance | 1,500 | 1,500 | 1,500 | 1,500 |
Loan Repayment | 0 | 0 | 25,000 | 65,000 |
Total Deductions |
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NET PAY |
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Required
- Complete the payroll for the month ( 28 marks )
- Define the term statutory deductions and briefly explain the benefits of the statutory deductions ( 5 marks )
- State two ways in which employers have taken steps to address occupational health and safety concerns in the organization ( 2 marks )
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