G. Baker, K. Clarke, W. Brown, J. Harvey and S. Crooks all work at Lasco Jamaica Ltd. Each worker works a regular work week of40 hours at a rate of $900.00 per hour. However, T Thompson, C Harrison, W. Clarke and P Rhooms each work 45, 48, 50 and 52hours respectively at a rate of 1.5 times regular rate.NOTE(a) All workers except G. Baker, K. Clarke and T. Thompson pay union dues of $300.00(b) All workers pay income tax of 25%, National Insurance of $2%, NHT of 2% and Education tax of 1.5%(c) All workers pay Sagicor costs of $200.00Draft a payroll sheet and calculate the payroll for the aboveNameUnio SagicoTotalDeductions WagesHoBasicOvertime GrossWageNISNHTEdIncomeTaxNetursWageWerkeDue

The payroll sheet in the organization represents their income details including basing salaries and…

G Baker, K. Clarke, W. Brown, J. Harvey and S. Crooks all work at Lasco Jamaica Lad. Each worker works a regular work woek of 40 hours at a rate of $900.00 per hour. However, T Thompson, C Harrison, W. Clarke and P Rhooms cach work 45, 48, 50 and 52 hours respectively at a rate of 1.5 times regular rate. NOTE (a) All workers except G. Baker, K. Clarke and T. Thompson pay union dues ofrs300.00 (b) All workers pay income tax of 25%, National Insurance of $2%, NHT of 2% and Education tax of 1.5% pay Sagicor costs of $200 00 Draft a payroll sheet and cakulate the payroll for the above Name NHT Ed He Basic Overtime Gross NIS urs Wage We rke Income Unio Sagico Total Wage Net Deductions Wages Tax Due

G Baker, K. Clarke, W. Brown, J. Harvey and S. Crooks all work at Lasco Jamaica Lad. Each worker works a regular work woek of 40 hours at a rate of $900.00 per hour. However, T Thompson, C Harrison, W. Clarke and P Rhooms cach work 45, 48, 50 and 52 hours respectively at a rate of 1.5 times regular rate. NOTE (a) All workers except G. Baker, K. Clarke and T. Thompson pay union dues ofrs300.00 (b) All workers pay income tax of 25%, National Insurance of $2%, NHT of 2% and Education tax of 1.5% pay Sagicor costs of $200 00 Draft a payroll sheet and cakulate the payroll for the above Name NHT Ed He Basic Overtime Gross NIS urs Wage We rke Income Unio Sagico Total Wage Net Deductions Wages Tax Due

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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