2. PAYE Calculations GPA Solutions 2011

3. Calculate the Gross Pay for the pay period. Refer to the SRCOP and determine the rate of tax to be applied. Calculate the Total Gross Tax. Subtract the Tax Credit from the Gross Tax Gross Tax less the Tax Credit is the PAYE to be deducted from the Gross Pay GPA Solutions 2011

4. Maura has a Gross Pay of 450 per week. Her weekly tax credit is 70.38 and her SRCOP is 700. Calculate her weekly PAYE deduction for this weeks pay? GPA Solutions 2011

5. Tax Credit 70.38 SRCOP 700.00 ________________________________________ Gross Pay 450.00 Tax 20% 90.00 Less Tax Credit 70.38 PAYE 19.62 GPA Solutions 2011

6. Joan has a gross pay of 815.00 per week. She also worked 10 hours overtime and is paid 15 per hour for overtime worked. Her weekly tax credit is 105.57 and her SRCOP is 873.07. Calculate her weekly PAYE deduction for this weeks pay. GPA Solutions 2011

7. Gross Pay 965.00 Tax 873.07 @ 20% 174.61 91.93 @ 41% 37.69 Gross Tax 212.30 Tax Credit 105.57 PAYE 106.73 GPA Solutions 2011

8. Attempt the exercise on Basic PAYE Computations. For more details on online courses www.gpasolutions.com GPA Solutions 2011