Question
You have been posted to a new start-up company, Healthline Company Limited in Accra. The owner of the business, a foreigner has asked that payroll
You have been posted to a new start-up company, HealthlineCompany Limited in Accra. The owner of the business, a foreigner has asked that payroll and tax deductions should be done professionally from day one of the company. As an Account Officer, Trained in UPSA, he has given you these information to prepare a payroll for his consideration.
Name of Staff | SSNIT Numbers | Basic Salary | Allowances |
Charles Nkumsah | FK000197812 | 1,950.00 | 450.00 |
Mabel Ackom | BC000142594 | 3,650.00 | 300.00 |
Efia Pokuaa | EF000732596 | 4,963.00 | 0.00 |
Martin Chris | MS000187613 | 5,746.00 | 0.00 |
Robert Sey | KN781714631 | 20,140.00 | 750.00 |
Kofi Nkrabea | NE784441361 | 11,860.00 | 0.00 |
Kofi Nkrabea and Efia Pokua will have pending monthly staff deductions of GHS960 and GHS720 respectively for their accommodation.
Note: Assume a Flat Pay As You Earn tax of 15% for other staff and 22% for Robert Sey and Kofi Nkrabea
Required:
You are required to prepare a payroll based on Ghanas Tax Laws for the consideration of the investors.
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