T. Maxwell, R. Rochester, M. Barton, Y. York, W. Clarke and I. Black all work at Grace Kennedy. R. Rochester, W. Clarke and Y.York works a regular work week of 40 hours at a rate of $650.00 per hour. However, T. Maxwell, M. Barton and I. Black each work47, 49 and 52 hours respectively at a rate of15 times regular rate.NOTE(a) All workers except M. Barton and W. Clarke pay union dues of S300.00(b) All workers pay income tax of 25%, National Insurance of Ss2%, NHT of 2% and Education tax of 2%(e) T. Maxwell and w. Clarke pay Sagicor Insurance costs of S350.00Draft a payroll sheet and calculate the payroll for the aboveHoursWorked WageOvertime Gross NISWageIncome Union SagicorTaxNameBasicNHTEdTotalNetDuesInsurance Deductions Wages

A payroll statement is a summarized statement of wages of the workers of a particular organization.…

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Draft a payroll sheet and calculate the payroll for the above

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

T. Maxwell, R. Rochester, M. Barton, Y. York, W. Clarke and I. Black all work at Grace Kennedy. R. Rochester, W. Clarke and Y.
York works a regular work week of 40 hours at a rate of $650.00 per hour. However, T. Maxwell, M. Barton and I. Black each work
47, 49 and 52 hours respectively at a rate of15 times regular rate.
NOTE
(a) All workers except M. Barton and W. Clarke pay union dues of S300.00
(b) All workers pay income tax of 25%, National Insurance of Ss2%, NHT of 2% and Education tax of 2%
(e) T. Maxwell and w. Clarke pay Sagicor Insurance costs of S350.00
Draft a payroll sheet and calculate the payroll for the above
Hours
Worked Wage
Overtime Gross NIS
Wage
Income Union Sagicor
Tax
Name
Basic
NHT
Ed
Total
Net
Dues
Insurance Deductions Wages

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