- This topic has 1 reply, 2 voices, and was last updated 1 year ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
PQ Awards Nominations
Please help us to win one of the PQ Magazine awards and send in the voting form >>
You can nominate us in any or all of the following categories: Online College of the Year, Study Resource of the Year, Private Sector Lecturer of the Year, and Accountancy Personality of the Year.
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › payroll -SP
Calculate statutory deductions as a percentage of gross pay and compare to the prior year to assess the reasonableness of the statutory deductions. Investigate any significant variances.
maam can you help me understand how this process makes sense? I mean if wages this yr are higher due to more no.of employees being recruited then of course the statutory deductions will be more this yr compared to last year, so then how is it even a valid substantive procedure?
That’s why it says PERCENTAGE – so if national insurance/social security contributions are 13.2% of gross pay this year is that reasonable if last year this was 13.6?