Use the following information for Seaview Restaurant to calculate the payroll for the week ending 30th June 2020:

Use the following information for Seaview Restaurant to calculate the payroll for the week ending 30th June 2020:

Employee name	Gross pay $	Donations --- Salary sacrificed
Amy	952	20
Hazel	1 230	30
Lachlan	1 240	40
Rachel	2 180	50

Additional information

• Superannuation for all employees is 9% of their gross pay.
• After subtracting the donations and superannuation, PAYG tax of 30% is taken out of their pay.

All employees have the following additional deductions from their after tax pay

• Premium of 10% medical insurance.
• Premium of 3.5% for life insurance.

(a) Calculate take-home pay for each employee. 8 marks Type your answers to (a) in the Table included in the Response Template below.

(b) Prepare a general journal entry to accrue the payroll and associated deductions. 4marks Type your answers to (b) in the Table included in the Response Template below.

(c) Prepare a cash payments journal entry to record the payment of wages. 2 marks

Type your answers to (c) in the Table included in the Response Template below.

Question 2 14 Marks

Use the following information for Seaview Restaurant to calculate the payroll for the week ending 30th June 2020:

Employee name	Gross pay $	Donations --- Salary sacrificed
Amy	952	20
Hazel	1 230	30
Lachlan	1 240	40
Rachel	2 180	50

Additional information

• Superannuation for all employees is 9% of their gross pay.
• After subtracting the donations and superannuation, PAYG tax of 30% is taken out of their pay.

All employees have the following additional deductions from their after tax pay

• Premium of 10% medical insurance.
• Premium of 3.5% for life insurance.

(a) Calculate take-home pay for each employee. 8 marks Type your answers in the Table below.

Employee name	Gross Pay	Salary Sacrifice Donations	Super	PAYG	After Tax	Life Ins	Medical Ins	Take Home Pay
Total

(b) Prepare a general journal entry to accrue the payroll and associated deductions. 4 marks Type your answers in the Table below.

Account	Dr	Cr

(c) Prepare a cash payments journal entry to record the payment of wages. 2 marks

Type your answers in the Table below.

Account	Dr	Cr

Type your answers below.