Ay 3 Use the information given below to calculate the net wage of M, Rashford for the last week of June 2022 INFORMATION M, Rashford is employed by United Enterprises. The normal working week is 42 hours. M, Rashford worked for 49 hours during the last week of June 2022. He is remunerated at R78 per hour during normal working hours. Overtime is calculated at 2½ times the normal rate. The following are his deductions for the week: Medical aid fund R420 Pension fund 9% of the normal wages Income tax R920 United Enterprises contributes the same amount as the employees towards the medical aid fund and pension fund

Ay 3 Use the information given below to calculate the net wage of M, Rashford for the last week of June 2022 INFORMATION M, Rashford is employed by United Enterprises. The normal working week is 42 hours. M, Rashford worked for 49 hours during the last week of June 2022. He is remunerated at R78 per hour during normal working hours. Overtime is calculated at 2½ times the normal rate. The following are his deductions for the week: Medical aid fund R420 Pension fund 9% of the normal wages Income tax R920 United Enterprises contributes the same amount as the employees towards the medical aid fund and pension fund

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter8: Payroll Accounting: Employee Earnings And Deductions

Section: Chapter Questions

Problem 1CE

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