(20 marks) Question 3.2 Ideal Prepaid Namibia (IPN) is well established company that specialises in offering prepaid solutions to the Namibian market. The company has five employees and their labour policy is listed as below: Basic salary Normal working hours Public holidays per annum Annual leave Idle time Annual bonus Housing subsidy N$5 000 per month 40 hours per week (five days at eight hours a day); 52 weeks per year 9 days 4 weeks 10% of available time 1 month basic salary received at year end N$3 000 per quarter Deductions PAYE Medical aid SSC 15% of taxable income 10% of gross on a 2:3 basis between organisation and employee 3% of gross on a 50:50 basis between organisation and employee 7.5% of basic for which the organisation is liable for 50% of the contribution Pension fund Requirement Mark Sub- Total total 00 8 6 14 3.2.1 Calculate the weekly wage per employee (excluding annual bonus). Calculate the total annual cost to the company for all employees 3.2.2 working at IPN 3.2.3 Calculate the hourly recovery rate. Note: Show all the necessary workings or steps that are required to reach the answer. Marks are available for these. Total 6 20 20