Question

Use the following information for Seaview Restaurant to calculate the payroll for the week ending 30th...

Use the following information for Seaview Restaurant to calculate the payroll for the week ending 30th June 2020:

Employee name

Gross pay $

Donations --- Salary sacrificed

Amy

952

20

Hazel

1 230

30

Lachlan

1 240

40

Rachel

2 180

50


Additional information

  • Superannuation for all employees is 9% of their gross pay.
  • After subtracting the donations and superannuation, PAYG tax of 30% is taken out of their pay.

All employees have the following additional deductions from their after tax pay

  • Premium of 10% medical insurance.
  • Premium of 3.5% for life insurance.

(a) Calculate ‘take-home’ pay for each employee.  

(b) Prepare a general journal entry to accrue the payroll and associated deductions.  

(c) Prepare a cash payments journal entry to record the payment of wages.

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