Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 QUESTION 4 : Salaries and Wages ( 2 5 marks; 3 0 minutes ) 2 . 1 Calculating Wages A . Mona works

Question 2
QUESTION 4: Salaries and Wages
(25 marks; 30 minutes)
2.1 Calculating Wages
A. Mona works in Yum Yum Ltd, a chocolate factory.
REQUIRED:
2.1.1 Calculate Mona's net wage for the week. Show all workings.
(20)
2.1.2 Calculate the amount due to the GW Medical on behalf of A. Mona for the week ending 25 October 2019.
(5)
INFORMATION: Details of A. Mona for the week ending 25 October 2019.
TNCIUDES
OVERTIME
\table[[\table[[A. Mona - Hours],[worked for the week]],\table[[Normal time],[(hours per week)]],\table[[Normal time rate],[(per hour)]],\table[[Overtime rate],[(per hour)]]],[52,40,R78,50,R117,50]]
\table[[,Employee deductions,Employer's contribution,],[SARS - PAYE,18% of gross,,],[CF Pension Fund,8% of basic,10% of basic,],[GW Medical aid,R320,R1,20 for every R1,],[\table[[Unemployment],[Insurance]],1% of basic,1% of basic,],[,,],[,,,]]
25 Marks
GRAND TOTAL =50 Marks
image text in transcribed

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

CPA Exam Review 2020 At Least Know This Auditing And Attestation

Authors: At Least Know This

1st Edition

1706038364, 978-1706038368

More Books

Students also viewed these Accounting questions