O-LevelAccountingAccounting procedures7707/22 · May/June 2013 · Q311 Marks
The following is an extract from David’s wages book for January 2013. Wages book Employee Number Gross pay $ Tax $ Employee’s Social Security Contributions $ Employer’s Social Security Contributions $ Charitable Donations $ Net pay $ 001 2200 440 132 198 – ? 002 2600 520 156 234 25 ? Total 4800 960 288 432 25 ? REQUIRED
- (a)Calculate the net pay for: Employee 001 Employee 002[5]
- (b)Calculate the total wages cost.[3]
- (c)State two methods used for recording hours worked.[2]
- (d)Explain a non-statutory deduction.[1]
Mark scheme
Marking points from the official mark scheme (May/June 2013). The mark or mark type is shown in brackets.
- [1] Employee 001 Tax ($440)
- [1] Employee 001 Employee's social security contributions ($132)
- [1] Employee 002 Tax ($520)
- [1] Employee 002 Employee's social security contributions ($156)
- [1] Employee 002 Charitable donations ($25)
- [1] Total gross pay $4800
- [1] Employer's social security contributions $432
- [1] Total cost $5232
- [1] Timesheets
- [1] Clock cards
- [1] Swipe cards/used with a computer system
- [max 2]
- [1] An employee may choose to have voluntary deductions from gross pay.
- [1] Not required by law
- [1] Not mandatory/compulsory
- [1] Employee pays by choice/willingly
- [max 1]
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