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  • Required (I) The Net Payment Made by Abass To The Office Supervisor For One Month

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    Awais Mehmood
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    Mr. Abass hires an office supervisor who is paid $1000 per month plus overtime. The supervisor works 10 hours of overtime per month at $8 per hour and 3 hours of night shift daily paid at time and a half. Statutory deductions are 15% and employer contributions are 10% to a government fund while employee contributions are also 10%. The question asks to calculate the supervisor's net payment, Abass's total monthly cost, a journal entry, additional payroll costs, methods to record hours, and the difference between statutory and non-statutory deductions.

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    Mr. Abass hires an office supervisor who is paid $1000 per month plus overtime. The supervisor works 10 hours of overtime per month at $8 per hour and 3 hours of night shift daily paid at time and a half. Statutory deductions are 15% and employer contributions are 10% to a government fund while employee contributions are also 10%. The question asks to calculate the supervisor's net payment, Abass's total monthly cost, a journal entry, additional payroll costs, methods to record hours, and the difference between statutory and non-statutory deductions.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    19 views2 pages

    Required (I) The Net Payment Made by Abass To The Office Supervisor For One Month

    Uploaded by

    Awais Mehmood
    Mr. Abass hires an office supervisor who is paid $1000 per month plus overtime. The supervisor works 10 hours of overtime per month at $8 per hour and 3 hours of night shift daily paid at time and a half. Statutory deductions are 15% and employer contributions are 10% to a government fund while employee contributions are also 10%. The question asks to calculate the supervisor's net payment, Abass's total monthly cost, a journal entry, additional payroll costs, methods to record hours, and the difference between statutory and non-statutory deductions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Mr Abass is a sole trader. He Hires a office supervisor.

    The office supervisor is paid $1000 per month plus 10 hours overtime per month at $8 per hour.
    He also works in night shift for 3 hrs daily. Mr Abass pays him for night shift at times and half.
    Statutory deductions will be made at the rate of 15%.
    Abass will also have to make a 10% employer’s contribution to the government Fund.
    Employee contribution is also 10 %.
    REQUIRED
    Calculate:
    (i) The net payment made by Abass to the office supervisor for one month. [3]

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    (ii) The total cost to Abass of employing the office supervisor for one month. [2]
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    (iii) The journal entry to be made in the books of Abass. [3]


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    (iv) State one additional payroll cost Abass would incur. [1]
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    (v) State two methods used for recording hours worked. [2]
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    (vi) Explain the difference between a statutory and non-statutory deduction. [4]

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