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1.1 Calculate Jacob Philips net wage for the week. (c) Calculate total deductions. O R43,20 O R112,50 O R167,86 O R212,86 O None of the above

1.1 Calculate Jacob Philips net wage for the week. (c) Calculate total deductions. O R43,20 O R112,50 O R167,86 O R212,86 O None of the above

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Jacob Philips worked 48 hours during a specific 40-hour workweek. The 48 hours include three hours' work on Sunday. The normal wage rate is R15 per hour. Jacob Philips also receives a housing subsidy of R80 per week. Normally, overtime is remunerated at time-and-a-half, except for Sundays when overtime is remunerated at double the normal wage rate. The following deductions are applicable: • Medical aid: 10% of normal wage • Pension fund: 12% of normal wage •UIF: 3% of normal wage • Pay as you earn (PAYE): 20% Jacob Philips contributes 60% of both the medical aid and pension fund contributions and the employer contributes the rest. The employer contributes half of the UIF contribution. Required: 1.1 Calculate Jacob Philips net wage for the week. (c) Calculate total deductions. O R43,20 O R112,50 O R167,86 O R212,86 O None of the above
Transcribed Image Text:Jacob Philips worked 48 hours during a specific 40-hour workweek. The 48 hours include three hours' work on Sunday. The normal wage rate is R15 per hour. Jacob Philips also receives a housing subsidy of R80 per week. Normally, overtime is remunerated at time-and-a-half, except for Sundays when overtime is remunerated at double the normal wage rate. The following deductions are applicable: • Medical aid: 10% of normal wage • Pension fund: 12% of normal wage •UIF: 3% of normal wage • Pay as you earn (PAYE): 20% Jacob Philips contributes 60% of both the medical aid and pension fund contributions and the employer contributes the rest. The employer contributes half of the UIF contribution. Required: 1.1 Calculate Jacob Philips net wage for the week. (c) Calculate total deductions. O R43,20 O R112,50 O R167,86 O R212,86 O None of the above
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