- This topic has 1 reply, 2 voices, and was last updated 2 years 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.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your 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?