Awaseb is a factory worker who earns N$30 per hour. His normal work week is 8 hours per day from Monday to Friday. He is paid time-and-a-half for normal overtime and double the normal rate for work on Sundays and Public Holidays. During the past week the following hours were recorded on his clock card; and there was no public day during the weekMonday8 hoursTuesday9 hoursWednesday8 hoursThursday9 hoursFriday8 hoursSaturday 3 hoursSunday2 hoursThe following amounts were deducted from Awaseb's weekly wage: Income tax (PAVE) 25% of taxable incomeSocial security 0.9% of basic wage payable by each of the employee and the employer, limited to an amount of N$20.25 per week. Medical aid fund 20% of basic wage payable on a 60:40 basis by employer and employee, respectively. Pension fund contribution 8% of basic wage by employee and 15% of basic wage by employer. Required: Calculate the net wage earned by Awaseb during the week.

Payroll Process The information of regular hours with regular pay and overtime hours with overtime…

Answered: Awaseb is a factory worker who earns…

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 5PB

See similar textbooks

Related questions

Question

Awaseb is a factory worker who earns N$30 per hour. His normal work week is 8 hours per day from Monday to Friday. He is paid time-and-a-half for normal overtime and double the normal rate for work on Sundays and Public Holidays. During the past week the following hours were recorded on his clock card; and there was no public day during the week

Monday	8 hours
Tuesday	9 hours
Wednesday	8 hours
Thursday	9 hours
Friday	8 hours
Saturday	3 hours
Sunday	2 hours

The following amounts were deducted from Awaseb's weekly wage:

Income tax (PAVE) 25% of taxable income

Social security 0.9% of basic wage payable by each of the employee and the employer, limited to an amount of N$20.25 per week.

Medical aid fund 20% of basic wage payable on a 60:40 basis by employer and employee, respectively.
Pension fund contribution 8% of basic wage by employee and 15% of basic wage by employer.

Required:
Calculate the net wage earned by Awaseb during the week.

Expert Solution

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions