required to prepare their pay slips t 3033 TL

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
100%
please answer this question i need the answers for my assignment please please I need a help don't reject this question please
You are the accountant of ABC Limited. In the company, there are two tour guides. You are
required to prepare their pay slips for the period from 5th September 2022 to 10th
September 2022. Their time in and time out from the attendance register is as follows:
Staff Name: Monday Tuesday
Linda
Sanday
Time In
Time Out
Staff Name:
Jerry white
Time In
Time Out
Wednesday Thursday Friday
8.00am 8.30am
9.00am
5.00pm 6.00pm 7.00pm
Monday Tuesday
9.00am 7.30am
6.00pm 6.00pm
Wednesday
8.00am
6.00pm
8.00am
6.30pm
Thursday
8.00am
5.30pm
9.30am
7.30pm
Friday
8.30am
6.30pm
Saturday
8.00am
1.00pm
Saturday
8.00am
12.00pm
Note the following:
Staffs normal working hours during the weekdays (Monday to Friday) is 40 hours. Any hours
above that is contributed towards overtime and they are paid time and a half. If they work in the
weekends, then they are paid double time. They are also provided one hour lunch break for
which they are not paid.
Linda is paid $5.50 per hour while Jerry is paid $6.00 per hour. Both of them are entitle to
contribute 6% of their wages towards FNPF. Linda has joined a union and makes a compulsory
deduction of $10 from each pay whereas, Jerry has opted to contribute $20 towards a life
insurance policy of her choice. You can make assumptions where applicable.
Transcribed Image Text:You are the accountant of ABC Limited. In the company, there are two tour guides. You are required to prepare their pay slips for the period from 5th September 2022 to 10th September 2022. Their time in and time out from the attendance register is as follows: Staff Name: Monday Tuesday Linda Sanday Time In Time Out Staff Name: Jerry white Time In Time Out Wednesday Thursday Friday 8.00am 8.30am 9.00am 5.00pm 6.00pm 7.00pm Monday Tuesday 9.00am 7.30am 6.00pm 6.00pm Wednesday 8.00am 6.00pm 8.00am 6.30pm Thursday 8.00am 5.30pm 9.30am 7.30pm Friday 8.30am 6.30pm Saturday 8.00am 1.00pm Saturday 8.00am 12.00pm Note the following: Staffs normal working hours during the weekdays (Monday to Friday) is 40 hours. Any hours above that is contributed towards overtime and they are paid time and a half. If they work in the weekends, then they are paid double time. They are also provided one hour lunch break for which they are not paid. Linda is paid $5.50 per hour while Jerry is paid $6.00 per hour. Both of them are entitle to contribute 6% of their wages towards FNPF. Linda has joined a union and makes a compulsory deduction of $10 from each pay whereas, Jerry has opted to contribute $20 towards a life insurance policy of her choice. You can make assumptions where applicable.
Expert Solution
steps

Step by step

Solved in 3 steps with 4 images

Blurred answer
Knowledge Booster
Payroll Procedures
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education