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16 marksPayroll Accounting

CSEC Principles of Accounts · May/June 2014 · Paper 2 · Question 7(c)

Complete the Pets Plus Payroll Sheet for the week ended 26 April 2014 using the provided rates: overtime at 1.5 × normal rate, social security 5% (tax deductible), pension fund 1% (tax deductible), income tax 10%.

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Other parts of this question

  1. 7(a)List TWO basic source documents used in preparing payrolls.[2 marks]
  2. 7(b)Distinguish between 'voluntary deductions' and 'statutory deductions'.[2 marks]

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