Payrol, Financial Accounting

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
Posted Date: 2/15/2013 6:10:08 AM | Location : Ethiopia







Related Discussions:- Payrol, Assignment Help, Ask Question on Payrol, Get Answer, Expert's Help, Payrol Discussions

Write discussion on Payrol
Your posts are moderated
Related Questions
You have been hired as consultants to advise Mr D of DN Company limited on the performance of his company which has been  in business for two years. He has provided you with a subs

Illustration of consolidated cashflow statements The voice of the Nation Limited is a Nairobi based media company. Its Consolidated Income Statement for the year ended 30 April

Explain in detail about the Sole proprietorship Sole proprietorship, as the name suggests, is where an individual is the sole owner of a business. This type of business is ofte

During its financial year ended 30 June 20x7 Beavers Ltd, an engineering company, has worked on several contracts. Information relating to one of them is given below.

Prepare Partial Income Statement through FIFO, And LIFO Methods The records of XYZ Restaurant Supply include the following accounts for cases of coffee cups at December 31 of t

Q. Average cost of capital? Even though the director suggests that equity finance is appropriate given the amount of finance needed the amount alone doesn't rule out other fina

THE NOTES TO THE ACCOUNTS The notes to the accounts provide additional information on the a/c policies that the company has adopted the make-up of some of the items appearing on

Monte and Allie each own 50% of Raider Corporation, an S corporation. Both individuals actively participate in Raider's business. On January 1, Monte and Allie have adjusted bases


Question: Consider a project that involves the purchase of a $100,000 machine.  The machine will last for three years.  It is expected to produce 20,000 units per year.  The sa