3.3 Calculate Ms. N. Zama's net salary for the week. The following information is in respect of Ms.N. Zama, an employee of Ultra Clothing for the week ending 29 October 2016. No. of hours worked: Normal time 45 hours Overtime: 3 hours Wage rate: Normal time R40 per hour Overtime R60 per hour Details Deductions Contributions Income Tax: PAYE 15% of taxable income Nil Pension Fund 8% of normal wages Rand for Rand basis Medical Fund R200 R150 UIF Fund 1% of normal wages Rand for Rand basis
3.3 Calculate Ms. N. Zama's net salary for the week. The following information is in respect of Ms.N. Zama, an employee of Ultra Clothing for the week ending 29 October 2016. No. of hours worked: Normal time 45 hours Overtime: 3 hours Wage rate: Normal time R40 per hour Overtime R60 per hour Details Deductions Contributions Income Tax: PAYE 15% of taxable income Nil Pension Fund 8% of normal wages Rand for Rand basis Medical Fund R200 R150 UIF Fund 1% of normal wages Rand for Rand basis
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
Chapter9: Payroll Accounting: Employer Taxes And Reports
Section: Chapter Questions
Problem 3SEB
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