Perth has worked for 49hours in the first week of his employment in the tax year 2023.40 hours is the normal time. Out of those, 5 hours is overtime (time and half) and 4 hours is double time. Perth's normal rate is $5.50 per hour. He is entitled to an 8% deduction towards FNPF. He authorized a deduction of $40 from his pay towards life Insurance to LICI. He is a resident of Fiji and works in Nadi. Required: a) Calculate Perth's Gross Pay for the week. b) Calculate total deduction for Perth's for the week. (4 c) Calculate the Net Pay for Perth (2..........) d) State one compulsory direct deduction an employer makes from the employee's gross pay. ( 23
Perth has worked for 49hours in the first week of his employment in the tax year 2023.40 hours is the normal time. Out of those, 5 hours is overtime (time and half) and 4 hours is double time. Perth's normal rate is $5.50 per hour. He is entitled to an 8% deduction towards FNPF. He authorized a deduction of $40 from his pay towards life Insurance to LICI. He is a resident of Fiji and works in Nadi. Required: a) Calculate Perth's Gross Pay for the week. b) Calculate total deduction for Perth's for the week. (4 c) Calculate the Net Pay for Perth (2..........) d) State one compulsory direct deduction an employer makes from the employee's gross pay. ( 23
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter10: Individuals: Income, Deductions, And Credits
Section: Chapter Questions
Problem 16P
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Transcribed Image Text:Perth has worked for 49hours in the first week of his employment in the tax year 2023.40 hours
is the normal time. Out of those, 5 hours is overtime (time and half) and 4 hours is double time.
Perth's normal rate is $5.50 per hour. He is entitled to an 8% deduction towards FNPF. He
authorized a deduction of $40 from his pay towards life Insurance to LICI. He is a resident of
Fiji and works in Nadi.
Required:
a) Calculate Perth's Gross Pay for the week.
b) Calculate total deduction for Perth's for the week. (4
c) Calculate the Net Pay for Perth (2..........)
d) State one compulsory direct deduction an employer makes from the employee's gross
pay. (
23
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