Question
Mr Nkosi is an employee of Red Ltd. The following information relates to the week ending 15 March 2020. The normal pay for Mr Nkosi
Mr Nkosi is an employee of Red Ltd. The following information relates to the week ending 15 March 2020.
The normal pay for Mr Nkosi is R4,748.
The gross pay for Mr Nkosi is R9,943.
Unemployment insurance fund (UIF) is 1%.
Pay as you earn (PAYE) is 18%.
Contributions are as follows:
| Contribution | Employee | Employer |
| Pension Fund | 8% | 7% |
| Medical Aid | 8% | 4% |
Calculate the taxable income of Mr Nkosi for the week ending 15 March 2020.
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Environmental Audit A Compendium For Nicaragua
Authors: Amarus Aurelio Urbina
1st Edition
6203976547, 978-6203976540
