1. State and explain three methods of measuring labor.
2. The following records were derived from the personnel records of Green Fields Company in Entebbe for the month of Nov.2010:

Name Basic pay Advance

Qryema Paul 445,670 100,000 Kamano Henk 231, 144-Barungi Sarah 330,231-Byaruhanga Ben78,967-Kalema Peter 299,000 110,000 Of wono James 123,000 80,000 Gumba Moses 300,000 180,000 Mukisa Ronny 812,000 90,000

Additional information

1. Housing for all employees is 15% of basic pay.
2. Each employee is paid a transport allowance of UGX30,000
3. The taxable amount is obtained by deducting UGX 130,000 from gross pay.
4. PAYE IS 12% of the taxable amount that is less than UGXIOO, OOO

17% for any amount that is UGX1OO, OOO but less than UGX200, OOO, and 22% for any amount that is greater than UGX200, OOO.

1. NSSF is 7% of gross pay.

Required:

To prepare a payroll for Green Fields Company clearly reflecting the Net pay for each employee.

Answer rating: 100% (QA)

To prepare a payroll for Green Fields Company and calculate the net pay for each employee we need to follow these steps Calculate Gross Pay for Each E... View the full answer