Chilalo Retail Enterprise, a government owned business, pays its employees salaries according to the Ethiopian calendar Month.
Question:
Chilalo Retail Enterprise, a government owned business, pays its employees’ salaries according to the Ethiopian calendar Month. The following data relate to the month of Meskerem, 1995 E.C.
S.No Employee Name Basic Salary
001 Animut Anley birr 2500
002 Nebiyat Girma 1880
003 Erecha Megersa 1790
004 Bekuretsion G/Tensae 1565
Additional information
All workers are expected to work 40 hours per week and during Meskerem there are 4 weeks. The workers have done as they have been expected.
Nebiyat Girma has worked 10 hours of overtime during Meskerem: 3 hours during ‘Meskel’ and the other 7 hours before 10 p.m.
Erecha Megersa has also worked 5 hours of overtime: 2 hours during weekly rest days and 3 hours between 10 p.m. – 6 a.m.
Animut and Nebiyat received a monthly position allowance of br. 350 and br 300 respectively which are both taxable.
Animut Anley agreed to have a monthly deduction of br. 250 for credit association.
All workers are permanent except Bekuretsion G/Tesnae.
Required:
Compute the total deductions and net pay for each employee.
Compute (calculate) the total:
Withholding Taxes
Payroll Tax
Record the payment of salary as of Meskerem 30,1995.
Pass the entry to pay the withholding taxes to the appropriate government unit.
Problem – 2
HaBESHA Trading co. is a private business enterprise. The company pays the salary of its employees according to the Ethiopian calendar month. The following data relates to the month of Hidar, 2009.
Serial No. Name Basic Salary
101 Abeje Belew br. 2710
102 Haragua Delelegn 2500
103 Zeleke Belayneh 1800
104 Zinash Manahlot 4200
Additional information
The organization expects every worker to work 48 hours in a week and during Hidar there are four weeks and all workers have done as they have been expected.
Ato, Abeje Belew and W/r, Haregua Delelegn are entitled to get a monthly transportation allowance of birr 500 and br. 400 respectively.
All workers are permanent except W/t, Zinash Manahlot
Ato Zeleke Belayneh and W/t Zinash Manahlot have worked 12 hours of overtime each on public holidays.
Required: based on the information given above:
Compute the income tax for each employee use old and new tax system.
Compute the total deductions for each employee.
Determine the net pay (take-home-pay) for each employee.
Compute the total withholding tax for the month.
Compute the total payroll tax expense.
Pass the journal entry to record the payment of salary as of Hidar 30, 2009.
Problem – 3
The following data relates to the payroll of the employees of a privately owned business organization known as”ALAZAR Retail Enterprise”, for the month of Megabit, 1995 E.C.
Serial Name Basic Overtime Worked
No. Salary Hours Duration
01 Aleme T. br. 4300 4 up to 10 PM
02 Banchayehu S. 960 12 b/n 10PM to 6 AM
03 Chemdessa N. 1450 8 weekly rest days
04 Deniel T. 632 10 public holiday
05 Leilena A. 2000 ___ ____
Additional Information
The management of the business organization usually expects a woker to work 40 hours in a week.
There were no absentees during Megabit.
Required:
Prepare a payroll sheet for the month of Megabit
Record the payment of salary as of Miazia 1, 1995
Record the recognition of the payroll tax expense as of Miazia 1, 1995
Record the payment of withholding taxes to the proper government units as of Miazia 15, 1995
TANA Trading co. is a private business enterprise. The company pays the salary of its employees according to the Ethiopian calendar month. The following data relates to the month of Hidar, 2009.
Serial No. Name Basic Salary
101 Abeje Belew br. 5,710
102 Haragua Delelegn 6,500
103 Zeleke Belayneh 7,800
104 Zinash Manahlot 8,200
Additional information
The organization expects every worker to work 40 hours in a week and during Hidar there are four weeks and all workers have done as they have been expected.
Ato, Abeje Belew and W/r, Haregua Delelegn is entitled to get a monthly transportation allowance of birr 800 and br. 600 respectively.
All workers are permanent except W/t, Zinash Manahlot and she is give TIN number for co.
Ato Zeleke Belayneh and W/t Zinash Manahlot have worked 16 hours of overtime each on public holidays.
Required: based on the information given above:
Compute the income tax for each employee.
Compute the total deductions for each employee.
Determine the net pay (take-home-pay) for each employee.
Compute the total withholding tax for the month.
Compute total payroll tax expense.
Pass the journal entry to record the payment of salary as of Hidar 30, 2009.
Pass the journal entry to record when Tahsase 15, income tax and pension payable paid to concerned part.
HabeSHA Trading co. is a private business enterprise. The company pays the salary of its employees according to the Ethiopian calendar month. The following data relates to the month of Hidar, 2009.
Serial No. Name Basic Salary
101 Abeje Belew br. 8,710
102 Haragua Delelegn 6,500
103 Zeleke Belayneh 7,800
104 Zinash Manahlot 5,200
Additional information
The organization expects every worker to work 40 hours in a week and during Hidar there are four weeks and all workers have done as they have been expected.
Ato, Abeje Belew and W/r, Haregua Delelegn are entitled to get a monthly transportation allowance of birr 1000 and br. 800 respectively.
All workers are permanent except W/t, Zinash Manahlot
Ato Zeleke Belayneh and W/t Zinash Manahlot have worked 12 hours of overtime each on public holidays.
Required: based on the information given above:
Compute the income tax for each employee use old and new tax system.
Compute the total deductions for each employee.
Determine the net pay (take-home-pay) for each employee.
Compute the total payroll tax expense.
Pass the journal entry to record the payment of salary as of Hidar 30, 2009.
Pass the journal entry when payment paid to conceder part as of Tahsas 15/2009
Healthcare Management Organization Design and Behavior
ISBN: 978-1435488182
6th edition
Authors: Lawton Burns, Elizabeth Bradley, Bryan Weiner