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15 marksPayroll Accounting

CSEC Principles of Accounts · January 2009 · Paper 2 · Question 7(a)

Factory workers at Garmex Ltd. are paid $30 per hour Monday to Friday, and time and a half on weekends. Daily hours worked, deductions (National insurance 5%, pension 2.5%, income tax 15% after NI and pension) are given.

On the answer sheet provided, prepare the payroll for the four employees.

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Other parts of this question

  1. 7(b)(i)Write a brief definition for: Time clock card[1 mark]
  2. 7(b)(ii)Write a brief definition for: Gross pay[1 mark]
  3. 7(b)(iii)Write a brief definition for: "Take home pay"[1 mark]
  4. 7(b)(iv)Write a brief definition for: Bonus[1 mark]
  5. 7(b)(v)Write a brief definition for: Voluntary deductions[1 mark]

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