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Mr Hill opened a coffee shop and employs: A supervisor for a monthly salary of R16 795. A

Question:

Mr Hill opened a coffee shop and employs:

• A supervisor for a monthly salary of R16 795.

• A baker at R11 700 per month.

• Two waiters at R1 490 per week.

• Retirement fund contributions equal 7.5% per salary earner.

• Retirement fund contributions by the employer are 10%.


You are required to:

1. Calculate the taxable income of each employee.

2. Calculate the contribution of the employer.

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Related Book For  answer-question
Fundamental Accounting

Fundamental Accounting

ISBN: 9781485112112

7th Edition

Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit

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Question Details
Chapter # 13- PAYROLL ACCOUNTING
Section: Questions
Problem: 6
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Question Posted: August 30, 2023 03:45:24
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