QUESTION 4: SALARIES & WAGES 4.1 INFORMATION: The following salary-scale is used by Steve Traders for all salary earners: Notch 1 Notch 2 Notch 3 - - (111 000 x 8 000)- (135 000 x 12 500) (172 500 x 20 000) 4.2 Information relating to Payslip/Salary advice. NextGen Essentials Payroll Company Name: NextGen Essentials First Names: Matthew Birth Date: 04 Nov 1969 Engagement Date: 01 Apr 2020 Tax Status: Standard Employment (Normal) Income Current Tax Code 3601 Basic Pay 33 500,00 2 000,00 3713 Housing Allowance 2 500,00 3701 Travel Allowance Total Earnings Tax Code Deductions Medical Aid Employee Deduction - Discovery Executive Medical Aid Savings Employee - Discovery Executive Medical Aid Vitality Employee - Discovery Vitality 38 000,00 Current 2 721,50 907,00 280.00 8 673,51 4102 Tax Paid UIF Employee 148,72 4141 12 730,73 Total Deductions Net Pay 25 269,27 Package Structure Breakdown Amount Company Contributions Current 2721,50 Tax Code 4474 Basic Pay 33 500,00 Medical Aid Employer Contribution- 2 000.00 Discovery Executive Housing Allowance 907,00 4474 Travel Allowance Medical Aid Savings Employer - Discovery 2 500,00 Executive 38 000,00 Total Package Skills Development Levy 411,29 4142 UIF Employer 148,72 4141 Fringe Benefits/Personal Tax Code 3810 Medical Aid Fringe Benefit Current 3 628.50 3 628,50 Total Fringe Benefits The mock payslip indicates an estimate calculation of the Net Pay value of the package, subject to final selection of benefits, structuring of package components and statutory deductions. Mock Payslip Last Name: Position: Cost Centre: Currency: 10 Geneva Road Camps Bay Cape Town 8005 South Africa Gauteng (21 marks; 15 minutes) Notch 4 232 500 Page 6 of 9 Please turn over McConaughey Actor (ACT) The Best of the Best Agency ZAR QUESTION 4: SALARIES & WAGES 4.1 INFORMATION: The following salary-scale is used by Steve Traders for all salary earners: Notch 1 Notch 2 Notch 3 - - (111 000 x 8 000)- (135 000 x 12 500) (172 500 x 20 000) 4.2 Information relating to Payslip/Salary advice. NextGen Essentials Payroll Company Name: NextGen Essentials First Names: Matthew Birth Date: 04 Nov 1969 Engagement Date: 01 Apr 2020 Tax Status: Standard Employment (Normal) Income Current Tax Code 3601 Basic Pay 33 500,00 2 000,00 3713 Housing Allowance 2 500,00 3701 Travel Allowance Total Earnings Tax Code Deductions Medical Aid Employee Deduction - Discovery Executive Medical Aid Savings Employee - Discovery Executive Medical Aid Vitality Employee - Discovery Vitality 38 000,00 Current 2 721,50 907,00 280.00 8 673,51 4102 Tax Paid UIF Employee 148,72 4141 12 730,73 Total Deductions Net Pay 25 269,27 Package Structure Breakdown Amount Company Contributions Current 2721,50 Tax Code 4474 Basic Pay 33 500,00 Medical Aid Employer Contribution- 2 000.00 Discovery Executive Housing Allowance 907,00 4474 Travel Allowance Medical Aid Savings Employer - Discovery 2 500,00 Executive 38 000,00 Total Package Skills Development Levy 411,29 4142 UIF Employer 148,72 4141 Fringe Benefits/Personal Tax Code 3810 Medical Aid Fringe Benefit Current 3 628.50 3 628,50 Total Fringe Benefits The mock payslip indicates an estimate calculation of the Net Pay value of the package, subject to final selection of benefits, structuring of package components and statutory deductions. Mock Payslip Last Name: Position: Cost Centre: Currency: 10 Geneva Road Camps Bay Cape Town 8005 South Africa Gauteng (21 marks; 15 minutes) Notch 4 232 500 Page 6 of 9 Please turn over McConaughey Actor (ACT) The Best of the Best Agency ZAR