QUESTION 4 (10 MARKS) The following information applies to Mr. P Rise, an employee of Oshikoto Regional Trust who receives a weekly wage: Normal working week (6 days) 45 hours Normal hourly wage N$15,00 Overtime: Weekdays = normal rate plus 50% Sundays = double normal rate Pension fund contributions based on normal wage: 5% 7,5% . Employer contribution . Employee contribution Medical Fund: 50% contribution by employer 50% contribution by employee Social Security Contributions Income Tax payable on taxable income N$13,00 N$13,00 1% of gross remuneration 18% Mr. Rise submitted the following time sheet to the payroll office: Day Number of hours worked Monday 8 Tuesday Wednesday Thursday Friday Saturday Sunday Required: Calculate the net wage for Mr. Rise. Mark 10 Page 19 of 27