CXC CSEC Principles of Accounts (POA) exam guide: Section 14: Payroll Accounting
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CXC CSEC Principles of Accounts Exam Guide Section 14: PAYROLL ACCOUNTING
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SPECIFIC OBJECTIVES The students should be able to: |
CONTENT
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| 1. | Identify basic source documents of the payroll; | Use of time cards, time, electronic clock-in cards. Employee earnings records.
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| 2. | Transfer information from time cards or sheets to payroll; | Calculation of gross earnings (wages) from employee records.
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| 3. | Calculate employees' gross earnings;
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Preparation of payroll and wage documents from time cards, computer records. |
| 4. | Calculate employees' net pay;
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Calculation of statutory deduction and non-statutory deductions, for example, income tax, social security and mortgage. |
| 5. | Distinguish between voluntary and statutory deductions; | Statutory and non-statutory deductions. |
Fivestar
i will love to understand
i will love to understand payroll and bad dept