Question 2 [15] You have been offered a new position as process analyst at BIP Inc. (PTY). Design ialary/pay slip with your company logo, indicating your Gross and Net earnings as well as company contributions. The following are given. 1. Annual remuneration =R324642 2. Normal working hours =8.5 hours 3. Normal working week = Monday - Friday 4. Weekday overtime =1,2 times normal rate 5. Saturday =1,5 times normal rate 6. Monthly company benefits are as follows: a. Cell phone allowance: R320 b. Housing allowance: R1 200 c. Convenience allowance: R1 800 d. Funeral cover: R58 7. BIP Inc. (PTY) contributes 67% for your pension fund and 95% on medical aid 8. PAYE is 15% of taxable income 9. Employer and employee both contribute 1,7% of basic wage on UIF 10. Employer contributes 2% of basic wage in skills levy while employer pays R22 11. The recorded time for a 4-week repetitive cycle, on clocking system are as follows: \begin{tabular}{|l|l|} \hline Day/date & Time \\ \hline Mon & 9.5 \\ \hline Tues & 8.5 \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Wed & 8 \\ \hline Thurs & 10 \\ \hline Friday & 8.5 \\ \hline Sat & 3 \\ \hline Sun & Closed \\ \hline \end{tabular}