Matt Dillon is a trader in Mexican wines. The firms has four employees and has presented the following draft payroll for October 2017:

	PEPE	RITA	JAKE	MAUD
INCOME
Basic Pay	90,000	110,000	150,000	280,000
Overtime	13,500	0	22,000	0
Travelling	0	5,000	0	8,500
Uniform	8,000	8,000	8,000	8,000
Protective Clothing	10,000	0	0	0
Material Aid & Supplies	7,500	8,000	0	0
Commission	0	20,000	0	0
Entertainment Allowance	0	0	0	30,000
GROSS PAY	129,000	151,000	180,000	326,500
DEDUCTIONS
NIS
NHT
EDUCATION TAX
INCOME TAX
Pension	4,500	5,500	7,500	14,000
Union Dues	2,500	2,500	2,500	0
Health Insurance	1,500	1,500	2,500	2,500
Loan Repayment	0	0	0	40,000
Total Deductions
NET PAY

Required

Complete the payroll for the month

2. Discuss the relevance of statutory returns to the development of the economy

3. Discuss the pros and cons of adopting the following wages rates in the organization:

- Hour rate

- Piece rate

- Day rate

- Commission

- Contractual rate

4. Discuss the use and relevance of:

(a) Performance based pay

(b) Productivity incentive based pay

Answer rating: 100% (QA)

Computation of Payroll for the month PEPE RITA JAKE MAUD Gross Pay given A 129000 151000 180000 3265... View the full answer