Mo Salah is employed by Liverpool Limited. The normal working week is 45 hours. Mo Salah worked for 48 hours during the last week of March 2022. He is remunerated at R90 per hour during normal working hours. Overtime is calculated at 1.5 times the normal rate. The following are her deductions for the week: · Medical aid fund R400 · Pension fund 8% of the normal wages · Income tax R850 Liverpool Limited contributes the same amount as the employees towards the medical aid fund and pension fund. Required: Calculate the net wage of Mo Salah for the last week of March 2022.
Mo Salah is employed by Liverpool Limited. The normal working week is 45 hours. Mo Salah worked for 48 hours during the last week of March 2022. He is remunerated at R90 per hour during normal working hours. Overtime is calculated at 1.5 times the normal rate. The following are her deductions for the week: · Medical aid fund R400 · Pension fund 8% of the normal wages · Income tax R850 Liverpool Limited contributes the same amount as the employees towards the medical aid fund and pension fund. Required: Calculate the net wage of Mo Salah for the last week of March 2022.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Mo Salah is employed by Liverpool Limited. The normal working week is 45 hours. Mo Salah worked for 48 hours during the last week of March 2022. He is remunerated at R90 per hour during normal working hours. Overtime is calculated at 1.5 times the normal rate. The following are her deductions for the week:
· Medical aid fund R400
· Pension fund 8% of the normal wages
· Income tax R850
Liverpool Limited contributes the same amount as the employees towards the medical aid fund and pension fund.
Required:
Calculate the net wage of Mo Salah for the last week of March 2022.
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