Salaries and Wages

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GRADE 10



Explanation, calculation and recording of salary and/or wage scales and payments in the journals and post to the ledger; this can be done manually or on a computerised spreadsheet.

  • Normal time
  • Overtime
  • Deductions
    • PAYE
    • Pension fund
    • Unemployment Insurance Fund
    • Medical aid
    • Union membership
  • Employer contributions
    • Pension fund
    • Unemployment Insurance Fund
    • Medical aid
    • Skills development levy


Accounting equation


Ethical conduct related to salaries and wages, e.g. contracts, payment in line with responsibilities, role of unions















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