2.4 ILLUSTRATION OF A PAYROLL REGISTER
\( \mathrm{ABC} \) is a government agency recently organized to rehabilitate street children. It has five employees whose salaries are paid according to the Ethiopian calendar month. The following data relates to the month of January 2024.
\begin{tabular}{llcccc}
\begin{tabular}{l}
Serial \\
No.
\end{tabular} & Name of Employee & \begin{tabular}{r}
Basic \\
Salary
\end{tabular} & \begin{tabular}{c}
Transp. \\
Allowance
\end{tabular} & \begin{tabular}{c}
Overtime \\
worked(hr)
\end{tabular} & \begin{tabular}{c}
Duration of \\
OT Work
\end{tabular} \\
01 & Aregash Shewa & Br. 1730 & 200 & 4 & \( 6: 00-10: 00 \) P.M \\
02 & Tigist Chala & 11020 & 1200 & 8 & Sunday \( (8: 30-5: 30) \) \\
03 & Mohammed Ahmed & 8300 & 800 & - & - \\
04 & Tensay Belay & 4970 & - & - & - \\
05 & Haile Tufa & 9950 & - & 6 & Public Holiday
\end{tabular}
Additional Information
- The management of the agency usually expects a worker to work 40 hours in a week and during January there are four weeks.
- There were no absentees employees during the month
- Transport allowances are more than 600 taxable incomes.
- All employees are permanent except Tensay and Haile
- Tigist agreed to contribute monthly \( \mathrm{Br} .300 \) from his salary as a monthly saving in the credit association of the agency.
Required
9|P a g e
Prepared by Mesfin A.
1. Compute and recognize the total payroll tax expense for the month of January 2024.
2. Prepare a payroll register (sheet) for the agency for the month of January 2024.
3. Record the payment of salary as of January 312024 using check stub No. 0123.
4. Record the payment of the claim of the credit Association of their agency on February 1, 2024 use check stub No. 0124.
5. Record the payment of the withholding taxes and pension contribution to the concerned government body on February 03, 2024
