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CSEC Principles of Accounts · May/June 2013 · Paper 2 · Question 5(b)

Social Security is 5% on gross pay (tax deductible). Income Tax is 10% on taxable income.

Using your answers from (a) above and the additional information provided, complete the payroll form provided as an insert.

This question uses a figure or table from the paper — you'll see it when you practise.

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Other parts of this question

  1. 5(a)(i)Calculate the gross pay for Mark.[3 marks]
  2. 5(a)(ii)Calculate the gross pay for John.[7 marks]
  3. 5(c)State ONE difference between 'statutory deductions' and 'voluntary deductions'.[2 marks]

More practice: the rest of this paper · more Payroll Accounting questions · all CSEC Principles of Accounts past papers