Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

K. Nkwelo is employed by Matrix Enterprises. The normal working week is 45 hours. K. Nkwelo worked for 50 hours during the first week of

image text in transcribed

K. Nkwelo is employed by Matrix Enterprises. The normal working week is 45 hours. K. Nkwelo worked for 50 hours during the first week of May 2019. He is remunerated at R30 per hour during normal working hours. Overtime is calculated at 1/2 times the normal rate. The following are his deductions for the week Unemployment insurance fund 1% of the gross wage 8% of the normal wages Pension fund Income tax R315 Matrix Enterprises contributes the same amount as the employees towards the unemployment insurance fund pension fund. Question: The total wage bill to Matrix Enterprises in respect of K. Nkwelo Select one: A. R1 575.00 B. R1 698.75 O C. R1 451.25 KOKEMON D. none of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information Systems Control And Audit

Authors: Et Al. Hyo-Jeong Kim, Michael Mannino, Compiled By Koros Press Editorial Board

1st Edition

1781639426, 978-1781639429

More Books

Students also viewed these Accounting questions