Question: Question 2 ( 1 5 Marks ) begin { tabular } { | l | l | } hline Normal Working days (

Question 2(15 Marks)\begin{tabular}{|l|l|}\hline Normal Working days (6 days) & 45 hours \\\hline Number of hours worked & 49 hours \\\hline Monday & 8 hours \\\hline Tuesday & 8 hours \\\hline Wednesday & 8 hours \\\hline Thursday & 8 hours \\\hline Friday & 7 hours \\\hline Saturday & 6 hours \\\hline Sunday & 4 hours \\\hline Normal hourly rate & R200\\\hline Overtime: Normal working week & 1.5 times normal rate \\\hline \multicolumn{1}{|c}{ Sundays } & Double normal rate \\\hline Pension fund (Calculated on normal pay) & \\\hline Employee's deduction & \\\hline Employer's contribution & \\\hline Unemployment insurance fund (UIF) & \\\hline Employee's deduction & \\\hline Employer's contribution & \(15\%\) of taxable income \\\hline Income tax (PAYE) & \\\hline \end{tabular} Required 2.1 Calculate the net wage for the week given the information above (10)2.2 Explain the elements of product manufacturing costs (5)
Question 2 ( 1 5 Marks ) \ begin { tabular } { |

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!