Information: The basic monthly salary of Freddy is R10 000. She is entitled to an annual bonus of R9 000. Her employer contributes R9 000 per annum to her pension fund. She works for 9 hours per day from Monday to Friday each week. She is entitled to 28 days paid vacation leave. There are 12 public holidays in the year (365 days), 9 of which fall on weekdays. Required Calculate Freddy's labour rate per hour.
Information: The basic monthly salary of Freddy is R10 000. She is entitled to an annual bonus of R9 000. Her employer contributes R9 000 per annum to her pension fund. She works for 9 hours per day from Monday to Friday each week. She is entitled to 28 days paid vacation leave. There are 12 public holidays in the year (365 days), 9 of which fall on weekdays. Required Calculate Freddy's labour rate per hour.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Calculate Freddy’s labour rate per hour
Transcribed Image Text:Information:
The basic monthly salary of Freddy is R10 000. She is entitled to an annual bonus of
R9 000. Her employer contributes R9 000 per annum to her pension fund. She works for 9 hours per
day from Monday to Friday each week. She is entitled to 28 days paid vacation leave. There are 12
public holidays in the year (365 days), 9 of which fall on weekdays.
Required
Calculate Freddy's labour rate per hour.
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