Answered step by step
Verified Expert Solution
Question
1 Approved Answer
LABOUR Exercise 1. In a manufacturing department, there are 4 assembly line workers, one of them has level 1 on this salary scale and 3
LABOUR Exercise 1. In a manufacturing department, there are 4 assembly line workers, one of them has level 1 on this salary scale and 3 of them have level 2 on this salary scale. Gross salary per month Gross salary Fringe Total gross benefits salary 1,400 300 1,700 1,000 200 1,200 Specialist Operator Salary deductions: 20% for income tax. 5% for National social security (National insurance contribution) Employer supports 24% of national social security - Employees earn 14 salaries per year - Ordinary hours of work are 8 hours per day, 5 days per week. - idle time (time wasted) forecast is 10%. - During the year (52 weeks), employees are entitled to annual leave (20 days) plus 12 public holidays per year, without loss of pay. Required: 1.- Calculate the net salary per month for each kind of salary scale given. Prepare the Payroll entry. 2.- Calculate the hourly rate per each salary scale and for the whole department
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started