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Pension and gross earning
Question # 1 ABC Company sponsors a contributory pension plan for which the company contributes 3% of salaries for exempt employees, and the employees have contributed a total $245,000.00 . If hourly employees have earned a total of $380,000.00, and salaried employees have earned a total of $420,000.00 this year,what is the pension expense for the year?A. $7,350.00 B. $11,400.00 C. $12,600.00...
Atoosa
- May 27th, 2015
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dbmalipatil
- Mar 30th, 2008
Q2: Devon is hired at a salary of $78,000.00 annually and begins work on Wednesday July 7th . If payroll is processed semi- monthly for periods ending on the 15th and the final day of the month, What ...
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How higher management in an organization gets benefited by payroll reports?
sathya.guru
- May 20th, 2009
It helps the management to find whether the human resources working in particular department is profit or loss to the organization based on the total salary paid for particular department.
sathya.guru
- May 27th, 2008
It gives information about Cost to compay employee wise, Head count of the Company, Amout paid to Government (PF, ESI, PT, Income tax, etc..), Average Salary paid to the candidate, Projection for next month payroll, New joinee details, Resignee details.
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What are the activities present in payroll task?
dbmalipatil
- Mar 30th, 2008
1. Processing Payroll to generate Paycheck and Pay Stubs2. Generating Tax reports and vouchers using which Taxes are deposited to Govt (Employee Tax).3. Processing reports that are handed over to Acco...
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What is payroll card?
mohanparmar
- Aug 17th, 2010
Payroll cards are used for clocking in/out, determins the pay, weekly/monthly/fortnight pay.
dbmalipatil
- Mar 30th, 2008
A payroll card is a plastic card allowing an employee to access their pay by using a debit card. A payroll card can be more convenient than using a check casher, because it can be used at participatin...
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What is accrued-tax?
dbmalipatil
- Mar 30th, 2008
Tax accrued on the Income-To-Date or Year-To-Date (whichever applicable), but which is paid at the end of the Accounting Period
