Question: You have been offered a new position as process analyst at BIP Inc. (PTY). Design salary/pay slip with your company logo, indicating your Gross

You have been offered a new position as process analyst at BIP Inc. (PTY). Design salary/pay slip with your

You have been offered a new position as process analyst at BIP Inc. (PTY). Design salary/pay slip with your company logo, indicating your Gross and Net earnings as well as company contributions. The following are given. 1. Annual remuneration = R324 642 2. Normal working hours = 8.5 hours 3. Normal working week = Monday - Friday 4. Weekday overtime = 1,2 times normal rate 5. Saturday = 1,5 times normal rate 6. Monthly company benefits are as follows: a. Cell phone allowance: R320 b. Housing allowance: R1 200 c. Convenience allowance: R1 800 d. Funeral cover: R58 7. BIP Inc. (PTY) contributes 67% for your pension fund and 95% on medical aid 8. PAYE is 15 % of taxable income 9. Employer and employee both contribute 1,7% of basic wage on UIF 10. Employer contributes 2% of basic wage in skills levy while employer pays R22 11. The recorded time for a 4-week repetitive cycle, on clocking system are as follows: Day/date Time 9.5 8.5 Mon Tues Wed Thurs Friday Sat Sun 8 10 8.5 3 Closed

Step by Step Solution

★★★★★

3.26 Rating (152 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

BIP Inc PTY Salary Slip Employee Details Name Your Name Position Process Analyst Company Details BIP ... View full answer

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 Finance Questions!

Discuss the cash flow cycle and its relevance to cash management. Explain the cash flow cycle and its significance to cash management for a firm. Discuss the interrelationships among the different...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

1. For some language L, the following declares a two-dimensional array of integers. The subscripts of the array are integers int a [M, N] and start at 1. a. Devise a formula for computing the address...

Making a payslip which amounts fall under taxable and non-taxable? design a monthly payslip including the given amounts to show how much it's the nett monthly earning. You have been offered a new...

Question 2 [15] You have been offered a new position as process analyst at BIP Inc. (PTY). Design ialary/pay slip with your company logo, indicating your Gross and Net earnings as well as company...

Describe the rivalry among your company's existing competitors (supplying engines to the automotive manufacturing industry).

Part I: Directions: For each item, select the statement that describes your most likely reaction to the situation described. 1. You have been offered a new position in a company where you have worked...

70 PART 2 DEVELOPING A RELATIONSHIP STRATEGY 4 Mini-Case 4-The Park Shores Resort and Convention Center has offered a special bonus to any salesperson who develops 10 new accounts during the current...

1. Congratulations, you have been offered an internship position by the Galactic Empire! You will be working with the Death Star team as a testing engineer, making sure that the Empire's proudest...

Active stabilization policy can be rationalized in the New Keynesian interest rate targeting model because A. it makes it possible to obtain zero inflation. B. the government knows best. C. it...

Augusta has a municipal water and gas utility district (MUD). The trial balance on January 1, 20X1, follows: Additional Information for 20X1 1. Charges to customers for water and gas were $420,000;...

Limitations of the ( unadjusted ) payback period method include it Blank _ _ _ _ _ _ . Multiple select question. may encourage short - term investments at the expense of critical longer - term...

Tonia and Tara have realized that they will be able to better analyze their profitability and cost structure by converting their pro forma income statement to a Contribution Format Income Statement....

Financial accounting is the process of identifying, measuring, analyzing, and communicating financial information needed by management to plan, evaluate, and control a company's operations. T/F

What is the term for a person who develops and organizes a new business venture?Ageneral partnerAn incorporatorA managerA corporate promoter

Exhibit 8.26 presents the separate financial statements at December 31, 2018, of Prestige Resorts and its 80%-owned subsidiary Booking, Inc. Two years earlier on January 1, 2017, Prestige acquired...

Effective financial statement analysis requires an understanding of a firms economic characteristics. The relations between various financial statement items provide evidence of many of these...

Conceptually, why should an analyst expect valuation based on dividends, valuation based on the free cash flows for common equity shareholders, and valuation based on the residual income approach to...

a. Show for the upper-tailed test with s1 and s2 known that as either m or n increases, b decreases when b. For the case of equal sample sizes and fixed a, what happens to the necessary sample size n...

Let m1 and m2 denote true average densities for two different types of brick. Assuming normality of the two density distributions, test versus using the following data: , and .

Quantitative noninvasive techniques are needed for routinely assessing symptoms of peripheral neuropathies, such as carpal tunnel syndrome (CTS). The article A Gap Detection Tactility Test for...