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Payroll Assignment

The document outlines an assignment for Principles/Fundamentals of Accounting II at JIGDAN College, focusing on payroll calculations for Pink Co. for the month of Tahsas, 2017 E.C. It includes employee data such as basic salary, allowances, overtime worked, and specific conditions for each employee, along with additional information regarding employee contributions and tax status.

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7 views

Payroll Assignment

The document outlines an assignment for Principles/Fundamentals of Accounting II at JIGDAN College, focusing on payroll calculations for Pink Co. for the month of Tahsas, 2017 E.C. It includes employee data such as basic salary, allowances, overtime worked, and specific conditions for each employee, along with additional information regarding employee contributions and tax status.

Uploaded by

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

Department of ACFN and Management


Assignment for Principles/Fundamentals of Accounting II
Set by
Samson Worku (PhD Candidate)

The following data were taken from records of Pink Co. for Tahsas, 2017 E. C. that pays payroll to its
employees according to Ethiopian Payroll System.

Name Basic Allowances Overtime Worked Duration of overtie work


Salary
Abel Tena 2.400 250 30Hours Up to 10:00 P.M.
Sara Chala 3,200 500 20Hours 10:00 P.M.-6:00 A.M.
Nega Girum 1,600 100 10 Hours Weekend
18 Hours Public Holidays

Additional Information:

1. All employees are expected to provide services of 160 hours per month.
2. All employees are permanent employees.
3. The allowance of Nega Girum is not taxable.
4. All employees promised to contribute 10% of their basic salary to the credit association.

Required: Prepare Payroll Register for the company.

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