Answered: calculate Samantha’s remuneration for…

Business

Accounting

calculate Samantha’s remuneration for 17 March 2022.

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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Given the following information, determine the burdened hourly wage rate for an equipment operator. Assume the equipment operators take full advantage of the retirement benefit. • Wage rate-$36.25 per hour • Hours worked-50 hours per week for 40 weeks and 40 hours per week for nine weeks • Vacation, holidays, and sick leave-three weeks at 40 hours per week • Overtime-time-and-a-half for any hours over 40 per week • Gas allowance-$100 per month • Annual bonus-$750 • Social security-6.2 percent on the first S113,700 of wages • Medicare-1.45 percent of all wages FUTA-0.6 percent on the first $7,000 of wages • SUTA-2.5 percent on the first $22,000 of wages • Worker's compensation insurance-S9.27 per S100.00 of wages • General liability insurance-0.65 percent of wages • Health insurance (company's portion)-$385 per month per employee • Retirement-S0.75 per $1.00 contributed by the employee on 6 percent of the employee's wages
This is Salary calculation
The normal wage of Anne is R200 per hour and her normal working day comprises 9 hours. The standard production time for each employee is 10 minutes per unit. On 15 April 2022, Anne's production was 60 units. Using the Halsey bonus system, a bonus of 50% of the time saved is given to employees. 1.1 Calculate Anne's remuneration for 15 April 2022.
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