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1 markPayroll Accounting

CSEC Principles of Accounts · January 2018 · Paper 2 · Question 2(b)(i)

State ONE example of a statutory deduction.

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Other parts of this question

  1. 2(a)(i)Complete the table showing Hours Worked (Monday–Friday), Total Pay (Monday–Friday), Hours Worked (Saturday and Sunday), Total Pay (Saturday and Sunday), and…[5 marks]
  2. 2(a)(ii)Prepare the payroll for the four employees, calculating Gross Pay, NI Deductions (5%), Pension Deduction (3%), Taxable Income, Income Tax (25%), and Net Pay.[6 marks]
  3. 2(b)(ii)Define the term bonus.[2 marks]
  4. 2(c)Draw up the Appropriation Account for the partnership of Parris and London for the year ended 31 December 2017.[6 marks]

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