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Payroll Exam Practical

This document contains instructions for a final exam payroll question. It provides employee data for 5 employees of Admas University including basic salary, allowances, and overtime hours worked. It asks students to prepare a payroll register for the month of Yekatit 30, 2013 and record the necessary journal entries for payment of salary and deductions on payday. These include entries for payroll tax expense, payment of withholding tax, pension contributions and other agreed upon deductions.

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Nigussie Berhanu
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619 views1 page

Payroll Exam Practical

This document contains instructions for a final exam payroll question. It provides employee data for 5 employees of Admas University including basic salary, allowances, and overtime hours worked. It asks students to prepare a payroll register for the month of Yekatit 30, 2013 and record the necessary journal entries for payment of salary and deductions on payday. These include entries for payroll tax expense, payment of withholding tax, pension contributions and other agreed upon deductions.

Uploaded by

Nigussie Berhanu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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NEFAS SILK POLYTECHNIC COLLEGE

Department of Business and Finance


Final exam on the payroll 40% Time Allowed 1hrs
Name ______________________________________________Id.no_________ Department_________
PART I: WORK OUT DO NEATLY AND CLEARLY THE FOLLOWING QUESTION
1. Admas University its employees’ salary according to the Ethiopian calendar Month. The
following data relates to the month of Yekatit 30, 2013 E.C.

Transport Overtim
Emp. Employee Basic ation Housing e hours
ID Name Salary Allowance Allowance Worked Duration
211 Tsegaye Br 5,800 Br 1,250 - 10 Up to 10 PM
212 Zewdu Br 1,500 Br 500 Br 500 15 Public Holidays
213 Mehdi Br 4,500 Br 1,100 - - -
214 Roman Br 2,000 Br 600 Br 1,000 12 Weekly Rest Days
215 Gemechu Br 3,200 Br 750 - 14 From 10PM to 6AM
Additional information
 All workers are expected to work 176 hours normal working hours per month. The
workers have done as they have been expected.
 Mehdi and Gemechu agreed to have a monthly deduction of Br 600 and Br 400 for credit
association respectively.
 All workers are permanent except Zewdu.
Required:
A. Prepare Payroll Register for the month of Yekatit 30, 2013.
B. Record the necessary journal entries on the pay day for Payment of Salary, Payroll Tax
Expense and Payment of Withholding Tax, Pension Contribution and Other Deductions.

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