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David needs to create a new spreadsheet that will help him determine the payroll deductions for each employee. Which function would he use when he wants the spreadsheet to decide a deduction based on?
Drecartellrosegp2043
Verified answer
nested IF statement
Wiki User
∙ 7y ago
What are non statutory deductions?
its a voluntary deduction from the pay of employee. like:1.subscription to trade union 2.contributions to a pension scheme 3.deductions under holiday pay schemes etc. a.r.
What are non-statutory deductions?
its a voluntary deduction from the pay of employee. like:1.subscription to trade union 2.contributions to a pension scheme 3.deductions under holiday pay schemes etc. a.r.
What is the journal entries for salary is paid to him?
The journal entries for salary payments are (Dr = debit, Cr = credit): Dr Salary Expense (P&L) - Gross Salary Cr Expense Deduction A/c (Bal Sheet) - Salary Deductions Cr Cash (Bal Sheet) - Net Salary paid to employee Then when the salary deductions are paid over, usually the following month the entries are: Dr Expense Deduction A/c (Bal Sheet) - Salary Deductions Cr Cash (Bal Sheet) - Salary Deductions
Which of these is an optional deduction for money to be taken out of an employee's paycheck?
disability insurance
What is the formula to calculate net pay to gross pay for a Canadian employee?
netpay=grosspay-deductions for example: deductions: tax=10% sss=20% philhealth=10% pagibig=20%
Is there any percentage deduction on non statutory deductions for an employee?
Yes
What are types of payroll deductions?
Deduction from employees, Earnings for employees, Employee statutory deductions, Employers statutory contributions, Gratuity, Loans and advances and Reimbursement to employees are the types of payroll deductions
What are non statutory deductions?
its a voluntary deduction from the pay of employee. like:1.subscription to trade union 2.contributions to a pension scheme 3.deductions under holiday pay schemes etc. a.r.
What are non-statutory deductions?
its a voluntary deduction from the pay of employee. like:1.subscription to trade union 2.contributions to a pension scheme 3.deductions under holiday pay schemes etc. a.r.
Are Social Security Administration taxable wages reduced by pretax deduction?
It depends on the deduction. Most common deductions such as medical premiums reduce SS taxable wages. But salary-deferal types of deductions do not. For example, employee contributions to a 401lk or Simple IRA do not reduce SS taxable wages.
What is the journal entries for salary is paid to him?
The journal entries for salary payments are (Dr = debit, Cr = credit): Dr Salary Expense (P&L) - Gross Salary Cr Expense Deduction A/c (Bal Sheet) - Salary Deductions Cr Cash (Bal Sheet) - Net Salary paid to employee Then when the salary deductions are paid over, usually the following month the entries are: Dr Expense Deduction A/c (Bal Sheet) - Salary Deductions Cr Cash (Bal Sheet) - Salary Deductions
Why would i need to use an online payroll deduction calculator?
To use a payroll deduction calculator you first have to know how many hours a person has worked and then you can figure out how much he or she will be paid. You need to add up the hours worked and then multiply them by the rate of pay the person earns and that is how you will get to know how much he or she will get paid.
An employee earns 8.25 an hour In 30 hours how much has the employee made?
The employee has grossed $247.50 before taxes and other deductions.
What is an employee earnings record?
It is a record of all the earnings and deductions an employee had for a specific period of time. The record has information pertaining to pay rate, paid hours, type of pay, what deductions were taken from pay such as taxes and deductions. It also contains dates of pay periods and pay dates.
What is a payroll deduction?
A payroll deduction is an amount held from an employee's earnings - typically income tax, National Insurance, Pension Fund Contributions etc.
Is provident fund a part of direct wages or an overhead?
Pf deduction from your direct wage direct wage-your basic salary (12 percent deduction from employee,13.61 from employer).
What is the formula to calculate net pay to gross pay for a Canadian employee?
netpay=grosspay-deductions for example: deductions: tax=10% sss=20% philhealth=10% pagibig=20%
