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4 . 3 Well Paid Ltd is a well - established organisation which provides many perks to all five of their employees. Their labour policy
Well Paid Ltd is a wellestablished organisation which provides many perks to all five of their employees. Their labour policy per employee is listed below:
tableBasic salary.,R per monthNormal working hours,table hours per week days at hours a day; weeks per yearPublic holidays per annum, daysAnnual leave, weeksIdle time, of available timeAnnual bonus, month basic salary received at year endHousing subsidy,R per quarter
Deduction details are provided below:
tablePAYE of taxable incomeMedical aid, on a : basis between organisation and employeeUIF on a : basisPension fund, of which the organisation is liable for of the contribution
Required:
a Calculate the weekly net wage per employee excluding annual bonus
b Calculate the total annual cost to company for all employees working at Well Paid Ltd
c Calculate the labour recovery rate.
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