Sandrah Nambela has just been employed as an assistant manager at Five star pharmacy comppany hd...
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Sandrah Nambela has just been employed as an assistant manager at Five star pharmacy comppany hd and her condition of services are as follows. Basic Pay K10, 500.00, housing allowance 20% of basic pay, transport allowance 10% of basic pay and education allowance 2% of basic pay. In addition to the above benefits, Sandrah got a loan from Zanaco were she pays K2, 340.00 per month. She also got an advance salary from her employers to buy wheelchair for her aging mother. Her monthly instalments for an advance pay is K410.00 Required (a) With illustrative examples, explain the meaning of the term emolument (b) Explain to Ms Sandrah which payments are not subjected to Pay As You Earn (c) After receiving her first payslip, Ms Nambela was confused to see a number of deductions on her pay. Briefly explain the meaning of statutory deduction and give three examples of such deductions. [4marks] (d) Outline two procedures or policies which may strengthen payroll internal controls [2marks] (e) Calculate the Gross pay, NAPSA, PAYE and the Net pay using the tax band below. You are advised to use the 2020 NAPSA ceiling of K1, 159.40. (2020 Tax Band) KO-K4000 K4001-K4, 800 K4801-K6900 K6, 901 and above K4, 000 K800 K2, 100 Balance taxed at taxed at taxed at taxed at 0% 25% 30% 37.5% [2 marks] [3marks] [9 marks] 400 X 257 Sandrah Nambela has just been employed as an assistant manager at Five star pharmacy comppany hd and her condition of services are as follows. Basic Pay K10, 500.00, housing allowance 20% of basic pay, transport allowance 10% of basic pay and education allowance 2% of basic pay. In addition to the above benefits, Sandrah got a loan from Zanaco were she pays K2, 340.00 per month. She also got an advance salary from her employers to buy wheelchair for her aging mother. Her monthly instalments for an advance pay is K410.00 Required (a) With illustrative examples, explain the meaning of the term emolument (b) Explain to Ms Sandrah which payments are not subjected to Pay As You Earn (c) After receiving her first payslip, Ms Nambela was confused to see a number of deductions on her pay. Briefly explain the meaning of statutory deduction and give three examples of such deductions. [4marks] (d) Outline two procedures or policies which may strengthen payroll internal controls [2marks] (e) Calculate the Gross pay, NAPSA, PAYE and the Net pay using the tax band below. You are advised to use the 2020 NAPSA ceiling of K1, 159.40. (2020 Tax Band) KO-K4000 K4001-K4, 800 K4801-K6900 K6, 901 and above K4, 000 K800 K2, 100 Balance taxed at taxed at taxed at taxed at 0% 25% 30% 37.5% [2 marks] [3marks] [9 marks] 400 X 257
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a Emolument refers to the total compensation or earnings received by an employee for their work including salary and other benefits For example in Ms ... View the full answer
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