ATTEMPT BOTH QUESTIONS Question One The following is the draft payroll of the Thunderbolts for February 2022 INCOME Basic Pay Overtime Travelling Uniform Elaine Sherica Shelly 95,000 120,000 320.000 12,000 0 15,000 20,000 10,000 10,000 15,000 Protective Clothing Material Aid & Supplies Commision Entertainment Allowance GROSS PAY Tetal Tesable DEDUCTIONS NIS NHT EDUCATION TAX INCOME TAX Pension 20,000 0 5,000 0 20,000 035.000 142.000 165,000 390,000 9.500 12,000 32,000 Union Dues 3,000 3,000 3,000 Health Insurance 3,200 3.200 3,200 Loan Repayment 0 60,000 Total Deductions NET PAY Required 1. Copy and Complete the payroll for the month (18 marks) Define the term Statutory Deductions and state its usefulness to the national economy (3 marks) 3. State two advantages to the employer when wages and salaries are determined by Time Rate b. Piece Rate marks)