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The information below was taken from the books of Mr Van Wyk Enterprises. The following deductions should be made: 1. Pension fund 7% of gross
The information below was taken from the books of Mr Van Wyk Enterprises. The following deductions should be made: 1. Pension fund 7% of gross wage. 2. PAYE tax 20% of gross wage. 3. MedicalAid: M. Kawete N$65 A. Tjiueza- N$50 4. Social Security: M. Kawete N$27 A. Tjiueza N$27 Additional information: - Anormal week consists of 40 hours. - Overtime is paid at double the normal time rate. - Employers contribution are N$1 for every N\$1 contributed by employee for pension Fund N$2 for every N$1 for social security REQUIRED
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