Mr Jones gave the company notice of his resignation on 1 June 2021, that his last working
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Question:
Mr Jones gave the company notice of his resignation on 1 June 2021, that his last working day would be on 30 June 2021.
Due to a number of additional items to be included on his payslip you decided it would be best if you prepared his payslip for the month of June 2021.
The following payroll inputs apply to Mr Jones for the month of June, those with question marks still need to be calculated:
Payroll input type | Quantity | R |
Income | ||
Salary* | 13 500 | |
Commission | 1 100 | |
Overtime 1.5 | 3:20 [HH:MM] | ? |
Overtime 2 | 1:05[HH:MM] | ? |
Leave days to be paid out | 8 days | ? |
Deductions | ||
Medical aid | 4 600 | |
Pension | 3 300 | |
UIF (as from 1 June 2021, the new max is R17 712) | ? | |
PAYE | ? | |
SDL | ? |
* You may assume Mr Jones’s daily rate is R623
Calculation below
Payslip for June 2021 | ||||||||
Employee Code | 9 | Employee Name | Mr Jones | |||||
Job Title | Salesman | Department | Sales | |||||
Date of Engagement | 01-Sep-16 | Date of Birth | 06-Oct-85 | |||||
Pension Contribution | 7,50% | Med Aid | Beneficiaries | 4 | ||||
Medical Aid Plan | Classic Comprehensive | Vitality | No | |||||
Termination Date | 30 June 2021 | Termination | Reason | Resigned | ||||
Nett Salary | R10079 | |||||||
Annual Leave Due | 0 | Long Service Leave | 0 | |||||
Pension Beneficiaries: | Wife | 20% | ||||||
Child 1 | 40% | |||||||
Child 2 | 40% | |||||||
CALCULATIONS | ||||||||
OVERTIME @ 1.5 | ||||||||
Total time in decimals (to two decimal points) | Answer | |||||||
Daily rate | Answer | |||||||
Overtime rate (to one decimal point) | Answer | |||||||
Total overtime (round to the nearest rand) | Answer | |||||||
OVERTIME @ 2 | ||||||||
Total time in decimals (to two decimal points) | Answer | |||||||
Daily rate | Answer | |||||||
Overtime rate (to one decimal point) | Answer | |||||||
Total overtime (round to the nearest rand) | Answer | |||||||
LEAVE PAYOUT | ||||||||
Number of leave days | Answer | |||||||
Daily rate | Answer | |||||||
Total leave payout | Answer | |||||||
UIF | ||||||||
Remuneration | Answer | |||||||
UIF contribution percentage for the employee | Answer | |||||||
Employee UIF contribution | - | |||||||
SDL | ||||||||
Remuneration - correctly calculated | 20141 | |||||||
SDL contribution percentage | Answer | |||||||
SDL contribution | Answer |
Related Book For
Fundamental Accounting Principles Volume I
ISBN: 978-1260305821
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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