Payroll Unit 2 - Weekly Payroll
Weekly Paid Pay Slips
Below is an example of a Payslip
This is the figure you get from the pay sheet based upon the amount of hours worked or weekly rate and represents the amount of salary before deductions are made.
This is the total figure you get after all deductions are taken from the Gross Salary.
The National Insurance Scheme (NIS) provides cash benefits for unemployment, sickness and invalidity, maternity, children, widowhood and retirement in return for regular weekly or monthly contributions. The NIS contributions for employees are determined by their earning rate. Both the employer and the employee contribute to the scheme. This amount is deducted from the gross salary.
How to find the NIS rate for each employee:
Step 1 - Go to the NIS Rate Sheet
Step 2 - Look at the weekly earning column, which is column 2. Check to see where the gross salary range falls.
Step 3 - Go to column 5 (Employee's weekly contribution). This is the amount to deduct from the employee's salary
This provides medical attention and treatment for everybody, whether they are insured or not. This amount is deducted from the gross salary. This is always a standard rate of $8.25.
This row can be used either as a reimbursement or a deduction. Whenever the figure is in brackets (75) or has a minus sign in front it, -75, the amount must be deducted from the gross salary. If there are no brackets or minus sign, the figure must be added to the gross salary. Others might include deductions for uniforms, etc.
1. Complete the Payroll for the individuals below (materials to complete assignment).
Assignment should be submitted to email@example.com.
SHOULD YOU HAVE ANY DIFFICULTIES, PLEASE DO NOT HESITATE TO CONTACT US via email
MATERIAL TO COMPLETE ASSIGNMENT