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    The payroll report for January shows that Vahid Jafari Sadeghi's gross pay was $45,000 with $1,200 in family aid. Tax and welfare deductions totaled $12,150, resulting in a net pay of $34,050. The company contributed an additional $6,750 to employee welfare funds.

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    The payroll report for January shows that Vahid Jafari Sadeghi's gross pay was $45,000 with $1,200 in family aid. Tax and welfare deductions totaled $12,150, resulting in a net pay of $34,050. The company contributed an additional $6,750 to employee welfare funds.

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    © All Rights Reserved
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    12 views1 page

    Payroll

    Uploaded by

    Mistero
    The payroll report for January shows that Vahid Jafari Sadeghi's gross pay was $45,000 with $1,200 in family aid. Tax and welfare deductions totaled $12,150, resulting in a net pay of $34,050. The company contributed an additional $6,750 to employee welfare funds.

    Copyright:

    © All Rights Reserved
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    Payroll

    Vahid Jafari Sadeghi, PhD

    (Wednesday 03/04/2019)

    Exercise 1: Record the following payroll document.

    PAYROLL REPORT
    …. ….
    January
    Gross PAY 45.000
    Family Aid 1.200
    Tax deductions (9.900)
    Welfare deductions (2.250)
    NET PAY 34.050

    The company own’s contribution for employees’ welfare is 6.750.

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