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its urgent - Medical aid at 12% of basic wages split between the employer and Exercise 2 employee on a 60 : 40 basis respectively.
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- Medical aid at 12% of basic wages split between the employer and Exercise 2 employee on a 60 : 40 basis respectively. The following information was taken from the time sheet of Mr Curtis for Required the week ended 23 May 202. Calculate Mr Curtis's net wage for the week ended 23 May 202. A normal working week is 40 hours, from Manday to Friday. Normal overtime is remunerated at one and a half times, while double overtime is remunerated at twice the normal rate. The hourly rate of pay is R62,50. Mr Curtis contributes to the following funds: - Pension at 7,5% of his basic wage; the employer also contributes to this fund on a rand-for-rand basis. - Unemplayment insurance Fund at 178 of his gross wage. - PayE (use taxable tables)Step by Step Solution
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