Payroll Calculations Flashcards
1
Q
Net Pay Calculation
A
Gross Pay - NI - Tax - Pension
2
Q
Wages and Salaries (Employer)
Calculation
A
Employer’s NI + Gross Pay
3
Q
Liabilities Calculation
A
Tax + NI + Pension
4
Q
Wages Expense Calculation
A
Gross Wages + Employer’s NI + Employer’s Pension
