Question: Calculate the hourly recovery tariff per hour (expressed in Rands and cents) of Martha.(4 marks)

INFORMATION

The basic annual salary of Martha is R576 000. She is entitled to an annual bonus of 90% of her basic monthly salary.

Her employer contributes 8% of her basic salary to her pension fund.

She works for 45 hours per week (from Monday to Friday). She is entitled to 21 days paid vacation leave. There are 12 public holidays in the year (365 days), 8 of which fall on weekdays.