Question
The timesheet of employee (Mashudu) who works for Univen as a financial controller, shows that he worked 48 hours during the 3rd week of February
The timesheet of employee (Mashudu) who works for Univen as a financial controller, shows that he worked 48 hours during the 3rd week of February 2019.The normal working hours per week is 40 hours. On Monday and Saturday he worked 4 hours overtime respectively in order to cover the lost time due to strike by students. The normal overtime remuneration (1 x normal wage) is paid. His normal wage is R8 per hour. Medical and pension fund contributions (8% and 12% of normal wages respectively) are paid on a 50:50 basis by employer and employee. SITE (12% of taxable income) is the only other deduction being made.
Required:
Calculate the net earnings (wages) of Mashudu for the 3rd week of February 2019.
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