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SOS Payroll and Pay Slips

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  • Description
  • Curriculum

THE ACCOUNTANT’S HANDBOOK ON PAYROLL AND PAYSLIPS

Contents

INTRODUCTION 

PAYROLL AND PAYSLIPS 

The Source Documents Required Performing the Process 

Work to do

Templates For Payroll and Pay Slips 

PAYROLL FOR MARCH 2023 

ACTUAL WORK ON PAYROLL AND PAY SLIPS 

RATE OF TAXES 

a). NHIF rates for employees in 2023 in Kenya 

b).NSSF contribution per salary job group starting February 2024 

c).PAYE Rate 2024 

Why we use PAYE calculator online 

Worked examples 

1. Calculate the Gross Pay: 

2. Calculate Federal Income Tax: 

3. Calculate State Income Tax: 

4. Calculate Social Security Tax: 

5. Calculate Medicare Tax: 

6. Calculate Net Pay: 

CASE STUDY. 17

CONCLUSION 18