Awaseb is a factory worker who earns N$30 per hour. His normal work week is 8 hours per day from Monday to Friday. He is paid time-and-a-half for normal overtime and double the normal rate for work on Sundays and Public Holidays. During the past week the following hours were recorded on his clock card; and there was no public day during the week Monday 8 hours Tuesday 9 hours Wednesday 8 hours Thursday 9 hours Friday 8 hours Saturday  3 hours Sunday 2 hours The following amounts were deducted from Awaseb's weekly wage:  Income tax (PAVE) 25% of taxable income Social security 0.9% of basic wage payable by each of the employee and the employer, limited to an amount of N$20.25 per week.  Medical aid fund 20% of basic wage payable on a 60:40 basis by employer and employee, respectively.  Pension fund contribution 8% of basic wage by employee and 15% of basic wage by employer.  Required:  Calculate the net wage earned by Awaseb during the week.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Awaseb is a factory worker who earns N$30 per hour. His normal work week is 8 hours per day from Monday to Friday. He is paid time-and-a-half for normal overtime and double the normal rate for work on Sundays and Public Holidays. During the past week the following hours were recorded on his clock card; and there was no public day during the week

Monday 8 hours
Tuesday 9 hours
Wednesday 8 hours
Thursday 9 hours
Friday 8 hours
Saturday  3 hours
Sunday 2 hours

The following amounts were deducted from Awaseb's weekly wage: 

Income tax (PAVE) 25% of taxable income

Social security 0.9% of basic wage payable by each of the employee and the employer, limited to an amount of N$20.25 per week. 

Medical aid fund 20% of basic wage payable on a 60:40 basis by employer and employee, respectively. 
Pension fund contribution 8% of basic wage by employee and 15% of basic wage by employer. 

Required: 
Calculate the net wage earned by Awaseb during the week.

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