Unit 2 has been specifically developed to provide you with the tools that you require to reconcile your payroll effectively. Company parameters are also introduced teaching you about modifying the system setup to better work for your company’s needs. Attention is given to the essential concepts relating to the Income Tax Act, including taxability of earnings and deductions, and an introduction to tax calculations.
Theoretical sessions are used to explain more complex calculations, including tax calculations as applicable to payroll administration, advanced BCEA Remuneration calculations and the detailed explanation of Retirement Funding Income and adjustments. Learners have ample opportunity to practice and revise the theory that has been discussed.