How much superannuation would the employer need to pay

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Reference no: EM131443019

Tasks

Part A

You work for ABC Pty Ltd where you have been asked to process the payroll for the current week and current year. In this task you will be required to:

Question 1: Complete the time cards for all employees.

Question 2: Complete the wages calculation cards for all employees for the current week.

Question 3: Prepare pay slips for the following employees:
- J. Morris
- M. Foley

ABC's employees work a thirty five hour week and are paid time-and-a- quarter for overtime on weekdays, time-and-a-half for Saturday and double time for Sundays.

The following table lists the employee's details.

 

Name

Hourly rate

Tax free threshold claimed

Additional Employee Superannuation

Savings Plan

Trade union

 

Health fund

J. Kim

$20.00

Yes

 

5.00

 

18.00

J. Morris

$35.00

No

60.00

 

 

20.00

M. Foley

$15.00

Yes

26.00

5.00

5.00

10.00

Question 1

Complete the Time Cards for all employees

 

ABC Pty. Ltd.                                         TIME CARD No. 811

 

NAME: Josephine Kim                   PERIOD ENDED:

 

 

START

 

STOP

 

START

 

STOP

NORMAL HRS.

 

1.25x

 

1.5x

 

2x

Monday

0900

1200

1300

1700

 

 

 

 

Tuesday

0900

1200

1300

1700

 

 

 

 

Wednesday

0900

1200

1300

1700

 

 

 

 

Thursday

0900

1200

1300

1900

 

 

 

 

Friday

Paid

Sick

Leave

(7 hrs)

 

 

 

 

Saturday

 

 

 

 

 

 

 

 

Sunday

 

 

 

 

 

 

 

 

Totals:

 

 

 

 

 

ABC Pty. Ltd.                                         TIME CARD No. 809

 

NAME: John Morris                               PERIOD ENDED:

 

 

START

 

STOP

 

START

 

STOP

NORMAL HRS.

 

1.25x

 

1.5x

 

2x

Monday

0900

1200

1300

1700

 

 

 

 

Tuesday

0900

1200

1300

1700

 

 

 

 

Wednesday

0900

1200

1300

1700

 

 

 

 

Thursday

0900

1200

1300

1700

 

 

 

 

Friday

0900

1200

1300

1700

 

 

 

 

Saturday

 

 

 

 

 

 

 

 

Sunday

 

 

 

 

 

 

 

 

Totals:

 

 

 

 

 

ABC Pty. Ltd.                                         TIME CARD No. 806

 

NAME:  Matthew Foley                                  PERIOD ENDED:

 

 

START

 

STOP

 

START

 

STOP

NORMAL HRS.

 

1.25x

 

1.5x

 

2x

Monday

0900

1200

1300

1700

 

 

 

 

Tuesday

0900

1200

1300

1700

 

 

 

 

Wednesday

0800

1200

1300

1600

 

 

 

 

Thursday

0700

1100

1200

1600

 

 

 

 

Friday

0900

1200

1300

1700

 

 

 

 

Saturday

0900

1200

 

 

 

 

 

 

Sunday

 

 

 

 

 

 

 

 

Totals:

 

 

 

 

Question 2

Complete the wages calculations for all employees for the current week.

 

ABC P/L - WAGES CALCULATION CARD Week Ending:         /     

NAME: Josephine Kim                                BASE HOURLY RATE: $

 

ACTUAL HOURS

ADJUSTED HOURS

AMOUNT

Normal time

 

 

$

Time & a quarter

 

 

$

Time & a half

 

 

$

Double time

 

 

$

GROSS PAY

$

DEDUCTIONS

PAYG Tax

$

 

 

NET Tax deducted

$

 

Additional Employee Superannuation

$

 

Savings Plan

$

 

Trade Union

$

 

Health Insurance

$

 

TOTAL DEDUCTIONS

$

NET PAY

$

 

ABC P/L - WAGES CALCULATION CARD Week Ending:         /      

NAME  John Morris                             BASE HOURLY RATE: $

 

ACTUAL HOURS

ADJUSTED HOURS

AMOUNT

Normal time

 

 

$

Time & a quarter

 

 

$

Time & a half

 

 

$

Double time

 

 

$

GROSS PAY

$

DEDUCTIONS

PAYG Tax

$

 

 

NET Tax deducted

$

 

Additional Employee Superannuation

$

 

Savings Plan

$

 

Trade Union

$

 

Health Insurance

$

 

TOTAL DEDUCTIONS

$

NET PAY

$

 

ABC P/L - WAGES CALCULATION CARD Week Ending:         /     

NAME   Matthew Foley                             BASE HOURLY RATE: $

 

ACTUAL HOURS

ADJUSTED HOURS

AMOUNT

Normal time

 

 

$

Time & a quarter

 

 

$

Time & a half

 

 

$

Double time

 

 

$

GROSS PAY

$

DEDUCTIONS

PAYG Tax

$

 

 

NET Tax deducted

$

 

Additional Employee Superannuation

$

 

Savings Plan

$

 

Trade Union

$

 

Health Insurance

$

 

TOTAL DEDUCTIONS

$

NET PAY

$

Question 3

Prepare pay slips for the following employees:
- Josephine Kim
- John Morris

 

ABC Pty. Ltd. - Pay Slip

 

ABC Pty. Ltd. - Pay Slip

Name: Josephine Kim

Name: John Morris

Week Ending:

Week Ending:

Normal Wage

$

Normal Wage

$

Overtime

$

Overtime

$

Sick

$

Sick

$

Holiday

$

Holiday

$

Gross Pay

$

Gross Pay

$

Deductions

Deductions

Tax

$

Tax

$

Additional Employee

Super

$

Additional Employee

Super

$

Savings Plan

$

Savings Plan

$

Union

$

Union

$

Health

$

Health

$

Total Deductions

$

Total Deductions

$

Net Pay

$

Net Pay

$

Part B - Theory

Question 1

List five (5) things that must be kept by an employer for each employee to ensure they are complying with the current legislation.

Question 2

State the minimum legislation entitlement for a full time employee using the headings below and list the conditions that apply to each leave entitlement.

1. Annual Leave

2. Sick Leave

3. Long Service Leave

4. Carers Leave

5. Bereavement Leave

Question 3

What is the current Superannuation Guarantee Contribution rate that an employer must pay for an employee?

Question 4

If your weekly earnings were: $950.00 base salary, $95.00 (1.5 x) overtime and $220.00 (2x) overtime how much superannuation would the employer need to pay?

Attachment:- TEMPLATE.rar

Reference no: EM131443019

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