- Provident Fund PaymentWhat are the rates (Percentages) paid as Employer's Share of PF in A/C No.1, A/C No.10 & A/C NO.21
- What is salary tds?
- Income Tax LiabilityIf the declarations provided during the financial year and employee not provding the proof during the financial year ending- how should the tax liability be calculated. is it employer's duty to pay the enitre tax or the employer can issue the Form16 stating that tax is due?
- Pension and gross earningQuestion # 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 D. $ 19,950.00 E. $ 24,000.00
Question # 2
Devon is hired at a salary of $78,000.00 annually and begins work on Wednesday July 7th . If payroll is processed semi- monthly for periods ending on the 15th and the final day of the month, What are Devon's gross earnings for the pay period ending July 15th .?
A.$ 1,400.00 B.$ 1,500.00 C.$1,600.00 D.$1,800.00 E.$3,000.00
- How do you calculate Gratuity?
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