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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

4.3 Well Paid Ltd is a well-established organisation which provides many perks to all five of their employees. Their labour policy per employee is listed below:
\table[[Basic salary.,R5000 per month],[Normal working hours,\table[[40 hours per week (5 days at 8 hours a day);],[52 weeks per year]]],[Public holidays per annum,9 days],[Annual leave,4 weeks],[Idle time,10% of available time],[Annual bonus,1 month basic salary received at year end],[Housing subsidy,R3000 per quarter]]
Deduction details are provided below:
\table[[PAYE,15% of taxable income],[Medical aid,10% on a 2:3 basis between organisation and employee],[UIF,3% on a 50:50 basis],[Pension fund,7.5% of which the organisation is liable for 50% 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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