Design a salary slip for the month of December 2021

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
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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

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