Payrol, Financial Accounting

Assignment Help:
a private owned business, pay salary to its employees according to the Ethiopian calendar month to the addis ababa city administration tax authority . Basic salary 3936 ,Normar working hours/month, overtime hours worked late hour 10hr. during public holiday 10hr, rest day 12, transport all. 750 and house allowance 500. the Additional info. employee contribute 5% of basic salary in the form of provident fund for each month and the institution also contribute 7%.
Determine the following of each employee
overtime payment calculation, Gross employment income, Taxable employment income, Employment income tax by using progression and deduction method and net pay show all the necessary step

Related Discussions:- Payrol

Compute ratio, The comparative financial statement of new World Piano Compa...

The comparative financial statement of new World Piano Company for 2003,2002, and 2001 included the following selected data: 2003 2002 2003 In Millions Cash $67 $66 $62 Short T

Calculate interest rates and volatilities , The following market data are a...

The following market data are available for interest rates and volatilities associated with standard maturities: Suppose you are holding a bond portfolio which invests in a

Assessment, Write down what processes and data you would analyse when looki...

Write down what processes and data you would analyse when looking at the following scenarios and write down any improvements you could include to ensure that the problem would be l

What do you mean by operating agreement, Q. What do you mean by Operating A...

Q. What do you mean by Operating Agreement? Operating Agreement - Agreement, generally a written document which sets out the rules by which a LIMITED LIABILITY COMPANY (LLC) is

Cumulative nature of the returns on the predilection shares, A changeable ...

A changeable instrument is deemed part liability and part equity. IAS 32 necessitate that each part is measured individually on initial recognition. The liability element is

Explain briefly two methods of calculating depreciation, QUESTION 1: Th...

QUESTION 1: The Alpha Company Ltd was registered with Nominal Capital of 60,000 Equity shares of Rs.10 each. The following were the ledger balances on 31st March 2011.

Statutory Merger, On January 1, 2013, NewTune Company exchanges 15,000 shar...

On January 1, 2013, NewTune Company exchanges 15,000 shares of its common stock for all of the outstanding shares of On-the-Go, Inc. Each NewTune''s shares has a $4 par value and a

Courts application for grant, Courts application for grant A court may:...

Courts application for grant A court may: 1) Wherein a deceased person is proved whether by production of a will or authenticated copy of the will or by oral evidence of its

Activity cost drivers, Activity Cost Drivers An element of measurement...

Activity Cost Drivers An element of measurement for the stage (or quantity) of an activity that is performed within a business company.  Hence, a movement cost driver represen

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd