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Hi there, I am confused by this question for my homework, could I please get some assistance answering it? Kirsty's Kitchens is a retail store.

Hi there, I am confused by this question for my homework, could I please get some assistance answering it?

Kirsty's Kitchens is a retail store. Employees are paid as follows:

(i) Time and a half for hours worked in excess of 7 hours on week days and the first 4 hours worked on Saturday;

(ii) Double time is paid for hours worked in excess of 4 hours on Saturday and for all hours worked on Sunday;

(iii) There are no penalty wages - only Ordinary Time Earnings (OTE) and overtime;

(iv) Assume that the hours worked (in the table below) are for the first week of a new month.Do not assume that further OTE will be worked by these employees this month.

The PAYG withholding income tax rate to be used for all employees isassumed to be 30%.

Employer superannuation contributions are in addition to the hourly rate of pay.

Round alltax calculationsto the nearest 5c. Superannuation is to be rounded to the nearest cent.

Employees Hours worked Rate per hour

Mon Tues Wed Thurs Fri Sat Sun $

H Hicks 7 7 7 7 7 $22.50

J James 7 7 7 8 5 $12.60

L Lawson 7 7 8 7 7 $16.50

M Murray 7 7 5 $11.25

N Nixon 7 10 7 7 5 $14.00

Required:

Calculate the amount ofemployer superannuation contributionsfor each employee.

Calculate thenet payfor each employee.

Note that the employee is eligible for super guarantee when they receive $450 or more (before tax) inOTEfor a calendar month.

Also please note that9.5% rateshould be used when calculating employer superannuation contributions.

OTE ($) Overtime ($) Gross pay ($) Net Pay($) Employer Super Contributions($)

H Hicks

J James ? ? ? ?

L Lawson ? ? ? ?

M Murray ? ? ? ?

N Nixon ? ? ? ?

Note: OTE = Ordinary time earnings. All tax calculations have been rounded to the nearest 5c as per the question however superannuation calculations have been rounded to the nearest 1c.

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