Design a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30 Ctc - 18L Basic- 50% Hra-20% Da - 12% Travel allowance- 2000 Insurance - 2500 Incentive- 75% target completion Pf 12% Earned leaves - 2 LOP - 4

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter9: Payroll Accounting: Employer Taxes And Reports
Section: Chapter Questions
Problem 4CE
icon
Related questions
Question

Design a salary slip for the month of December 2021 with information given below.

Fixed vs variable ratio- 70:30
Ctc - 18L
Basic- 50%
Hra- 20%
Da - 12%
Travel allowance- 2000
Insurance - 2500
Incentive-  75% target completion
Pf 12%
Earned leaves - 2
LOP - 4 

Design a salary slip for the month of December 2021
with information given below.
Fixed vs variable ratio- 70:30
Ctc - 18L
Basic- 50%
Hra- 20%
Da - 12%
Travel allowance- 2000
Insurance - 2500
Incentive- 75% target completion
Pf 12%
Earned leaves - 2
LOP - 4
Transcribed Image Text:Design a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30 Ctc - 18L Basic- 50% Hra- 20% Da - 12% Travel allowance- 2000 Insurance - 2500 Incentive- 75% target completion Pf 12% Earned leaves - 2 LOP - 4
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
College Accounting, Chapters 1-27 (New in Account…
College Accounting, Chapters 1-27 (New in Account…
Accounting
ISBN:
9781305666160
Author:
James A. Heintz, Robert W. Parry
Publisher:
Cengage Learning