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Complex payroll calculations Over The Hill ( Pty ) Ltd is an outdoor gear supplier specialising in clothing and equipment for the adventurous youth market.
Complex payroll calculations
Over The Hill Pty Ltd is an outdoor gear supplier specialising in clothing and equipment for the adventurous youth market. Although the bulk of their production occurs overseas, they do have a couple of locally based employees to manage operations and sales. Vincent Tambile, a yearold veteran of the industry, is the general manager. He earns a basic salary package of R per month. Daniella Fortuin is years old, and heads up sales and marketing. For the month in question January she earned a basic salary of R and commission of R Megan Andrews is a young university graduate, responsible for the full accounts and finance functions of the business. She earns a flat salary of R per month. Viresh Govender is a sprightly yearold who has chosen to continue working in retirement because of his love for the industry. He operates the production and stock control side of things, and earns a basic salary of R per month. Daniella had already used up her full leave allocation for the year by the end of December, but was allowed to take an extra three days off in January, as unpaid leave, to attend her brothers wedding overseas. In covering for her, Viresh put in R worth of overtime for the month.
After checking with Megan, you have found out that the business operates on the rule of thumb that there are working days in any given month.
What are the PAYE deductions for each of the four employees for the month? Max lines
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What is the full amount of UIF that will be paid over to SARS for the month? Max lines
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Are there any other monthly deductions or contributions that would apply to the employer, Over The Hill Pty Ltd Explain your answer, with figures where appropriate. Max lines
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