Question Six

Sethunya graduated from Botho University with Bachelor of Science degree in Finance and was employed as an Assistant Financial Analyst at ABC Financial Services Limited, a company where she did her internship. Her offer of employment letter shows that she will receive an annual salary of US$31,824 which will be paid semi-monthly. The regular week has 36 hours and overtime is paid at one and half of regular pay.

1. Calculate Sethunyas gross remuneration per pay period. (3 marks)
2. Calculate her hourly rate of pay (3 marks)
3. Calculate how much Sethunyas gross pay will be if she works 6 hours of overtime during a pay period (4 marks)

STATISTICS