Using the data below, prepare the payroll register for the week ended 15 April 2022 for R
Question:
Using the data below, prepare the payroll register for the week ended 15 April 2022 for R Donovan. All employees have provided a tax file number declaration form and claim the tax-free threshold.
Ordinary hours per week are 38 and overtime is paid at 1½ for hours in excess of ordinary. All employees contribute to voluntary superannuation at 7% of ordinary gross pay. Calculations are to be correct to two decimal places. Payroll is transferred electronically to employee financial institutions so disregard the requirement to round cents to either 5 or 0.
Then prepare in general journal format the processing and payment of the payroll in the accounts using the indirect method.
Step by Step Answer:
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson