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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