The following payroll data is provided for Rose Hall Plantation. 

Employees Payment type Gross Pay Deductions 

May Pebbles Monthly $150,000 

Mortgage - $20,000

Rick Stone Monthly $120,000 

Insurance- Sagicor $2000 Additional Information: 

- Income tax rate is 25% gross pay after deducting NIS.

 - Income tax threshold per year is 1,500,096. 

- National Insurance (NIS) is 3% of gross pay up to a ceiling of $3,000,000 per year 

- NHT is 2% of gross pay 

- Education Tax is 2.25% gross pay less NIS 

Required: 

Research the calculation of payroll taxes in Jamaica. 

Prepare the payroll register for Rose Hall Plantation (20 marks)

Answer rating: 100% (QA)

1 In Jamaica the calculation of payroll taxes are as follows 300 tax will be levied on National Insu... View the full answer