Quelpr
1 markPayroll Accounting

CSEC Principles of Accounts · January 2012 · Paper 2 · Question 7(a)(iv)

A scenario describing the earnings, deductions, and benefits of Jerome Perkins.

Identify the specific term used to describe the contribution to National Insurance required by the government.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 7(a)(i)Identify the specific term used to describe Jerome Perkins' monthly pay.[1 mark]
  2. 7(a)(ii)Identify the specific term used to describe additional earnings paid out of company's profits.[1 mark]
  3. 7(a)(iii)Identify the specific term used to describe the contribution to the credit union requested by the employee.[1 mark]
  4. 7(a)(v)Identify the specific term used to describe regular amounts paid to employees when they have retired.[1 mark]
  5. 7(b)On the pay slip provided, calculate David Ayliffe's gross earnings, total deductions, taxable earnings, income tax, and net earnings for the week, showing your…[15 marks]

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