Zonke is employed by Picmore Limited. The normal working week of the company is 45 hours. Zonke's basic wage rate is R50 per hour. The company pays Zonke normal time and a half for any work in excess of 45 hours per week. In the week ended 26 May 2023, Zonke worked 50 hours. Additional information: 1. 2. Zonke makes the following contributions: Pension fund 8% of normal wage 6% of normal wage Medical Aid UIF The company makes the following contributions: Pension fund Medical aid 1% of gross wage UIF 15% of normal wage 9% of normal wage 1% of gross wage
Zonke is employed by Picmore Limited. The normal working week of the company is 45 hours. Zonke's basic wage rate is R50 per hour. The company pays Zonke normal time and a half for any work in excess of 45 hours per week. In the week ended 26 May 2023, Zonke worked 50 hours. Additional information: 1. 2. Zonke makes the following contributions: Pension fund 8% of normal wage 6% of normal wage Medical Aid UIF The company makes the following contributions: Pension fund Medical aid 1% of gross wage UIF 15% of normal wage 9% of normal wage 1% of gross wage
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Please don't give image format
Transcribed Image Text:Required:
Calculate the missing data and choose the correct
answer from the options provided:
Normal wages
Add:
Total gross wages
Less:
Less: Other deductions
PAYE
Medical aid
UIF
Net wage payable
R
A
Transcribed Image Text:Zonke is employed by Picmore Limited. The normal
working week of the company is 45 hours. Zonke's
basic wage rate is R50 per hour. The company pays
Zonke normal time and a half for any work in excess
of 45 hours per week. In the week ended 26 May
2023, Zonke worked 50 hours.
Additional information:
1.
2.
Zonke makes the following contributions:
8% of normal wage
3.
Pension fund
Medical Aid
UIF
1% of gross wage
The company makes the following
contributions:
Pension fund
Medical aid
6% of normal wage
UIF
15% of normal wage
9% of normal wage
1% of gross wage
Zonke pays PAYE at 18% of his taxable
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