Page 97 - Accountancy for Advanced Secondary Schools Teachers Guide Form Five
P. 97
Remember
This project offers an opportunity for the students to explore into the
practical applications of accounting principles and make meaningful
connections between theory and practice. The teacher should encourage
FOR ONLINE READING ONLY
students to feel free to reach out him/her, if they have any questions or
they need guidance throughout the project process.
2. Sample of payroll statement
Employee information
Employee ID Employee Name Department Position
TIE1258 Cobra P. Chatu Sales Manager
Period information
Pay Period Start Date Pay Period End Date
01 January, 2024 15 January, 2024
th
st
Earnings
Regular Overtime Hourly Overtime Regular Overtime Total
hours hours Bonus
worked worked rate rate earnings earnings earnings
TZS TZS TZS TZS TZS TZS
80 10 20,000 30,000 1,600,000 300,000 100,000 2,000,000
Deductions
Health insur- Retirement Other deduc- Total
PAYE NSSF (10%)
ance plan tions deductions
TZS TZS TZS TZS TZS TZS
200,000 200,000 50,000 75,000 20,000 545,000
Net Pay: TZS 1,455,000
Teacher’s Guide Form Five
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