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1.2 REQUIRED Use the information given below to answer the following questions: 1.2.1 Calculate the labour cost to Hamlyn Enterprises in respect of G. Luthuli
1.2 REQUIRED Use the information given below to answer the following questions: 1.2.1 Calculate the labour cost to Hamlyn Enterprises in respect of G. Luthuli for the week ended 26 September 2020. (5) 1.2.2 Calculate the net wage of G. Luthuli for the week ended 26 September 2020. INFORMATION Hamlyn Enterprises submitted the following information for the week ended 26 September 2020 in respect of an employee, G. Luthuli, employed at Project K: Hours worked Sunday Monday to Friday Saturday 4 46 5 Additional information The normal working week is Monday to Friday and comprises 45 hours. The normal wage rate is R200 per hour. Overtime during the normal working week and on Saturdays is remunerated at time-and-a-half of the normal rate. Overtime on Sundays is remunerated at double the normal rate. The following deductions are applicable to G. Luthuli: Income tax 20% of taxable income (i.e. Gross wage less pension deduction) Pension Unemployment insurance fund 7.5% of normal pay 1% of gross pay Hamlyn Enterprises contributes 9% of the employees' normal wage to the pension fund and 1% of the gross wage to the unemployment insurance fund
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