The basic annual salary of Martha is R576 000. She is entitled to an annual bonus of 90% of her basic monthly salary. Her employer contributes 8% of her basic salary to her pension fund. She works for 45 hours per week (from Monday to Friday). She is entitled to 21 days paid vacation leave. There are 12 public holidays in the year (365 days), 8 of which fall on weekdays. Study the information provided below and calculate the hourly recovery tariff per hour (expressed in rands and cents) of Martha.

The basic annual salary of Martha is R576 000. She is entitled to an annual bonus of 90% of her basic monthly salary. Her employer contributes 8% of her basic salary to her pension fund. She works for 45 hours per week (from Monday to Friday). She is entitled to 21 days paid vacation leave. There are 12 public holidays in the year (365 days), 8 of which fall on weekdays. Study the information provided below and calculate the hourly recovery tariff per hour (expressed in rands and cents) of Martha.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter3: Accounting For Labor

Section: Chapter Questions

Problem 15E

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Study the information provided below and calculate the hourly recovery tariff per hour (expressed inrands and cents) of Martha.INFORMATIONThe basic annual salary of Martha is R576 000. She is entitled to an annual bonus of 90% of her basic monthlysalary. Her employer contributes 8% of her basic salary to her pension fund. She works for 45 hours per week (from Monday to Friday). She is entitled to 21 days paid vacation leave. There are 12 public holidays in the year (365 days), 8 of which fall on weekdays.
Pat Maninen earns a gross salary of $4,600 each week. Assume a rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare.a. What are Pat’s first week’s deductions for Social Security and Medicare? Will any of Pat’s wages be exempt from Social Security and Medicare for the calendar year?
Juan earns the basic salary of P44,000 a month. His daily compensation rate is P2,000. For the current month, Juan availed a total 3-day vacation leave with pay. Of the basic salary, how much should be reported as the salary of Juan for the current month? P50,000P44,000P38,000P22,000
Study the information provided below and calculate the hourly recovery tariff per hour (expressed inrands and cents) of Martha. INFORMATIONThe basic annual salary of Martha is R576 000. She is entitled to an annual bonus of 90% of her basic monthlysalary. Her employer contributes 8% of her basic salary to her pension fund. She works for 45 hours per week (from Monday to Friday). She is entitled to 21 days paid vacation leave. There are 12 public holidays in the year (365 days), 8 of which fall on weekdays.
Study the information provided below and calculate the hourly recovery tariff per hour (expressed inrands and cents) of Martha.INFORMATIONThe basic annual salary of Martha is R576 000. She is entitled to an annual bonus of 90% of her basic monthlysalary. Her employer contributes 8% of her basic salary to her pension fund. She works for 45 hours per week (fromMonday to Friday). She is entitled to 21 days paid vacation leave. There are 12 public holidays in the year (365days), 8 of which fall on weekdays.
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Helen Meyer receives a travel allowance of $210 each week from her company for time away from home. If this allowance is taxable and she has a 10 percent income tax rate, what amount will she have to pay in taxes for this employee benefit annually? (Round your final answer to 2 decimal places.)
Calculate the hourly recovery tarrif (rounded to the nearest cent) of Brenda from information below : info the basic annual salary of Brenda is R240 000. She is entitled to an annual bonus of R20 000. Her employer contributes R24 000 per annum to her pension fund. She works for 8 hours per day Monday to Friday each week. She is entitle to 21 days paid vacation leaver. There are 12 public holidays in the year 365 days, 10 of which fall on a weekdays
Logan makes an annual salary of $41,875 he is paid bi-weekly. What is his gross pay? And calculate his net pay?
Helen Meyer receives a travel allowance of $160 each week from her company for time away from home. If this allowance is taxable and she has a 15 percent income tax rate, what amount will she have to pay in taxes for this employee benefit annually? (Round your final answer to 2 decimal places.) Annual tax amount
A. William’s basic annual salary is R240 000. He receives an annual bonus of 80% of his basic monthly salary, payable in March each year. His pension deduction is 8% of the basic salary and income tax is levied at 20% on his taxable income. Calculate the net salary of A. William for March.
Mo Salah is employed by Liverpool Limited. The normal working week is 45 hours. Mo Salah worked for 48 hours during the last week of March 2022. He is remunerated at R90 per hour during normal working hours. Overtime is calculated at 1.5 times the normal rate. The following are her deductions for the week: Medical aid fund R400 Pension fund 8% of the normal wages Income tax R850 Liverpool Limited contributes the same amount as the employees towards the medical aid fund and pension fund. Required: Calculate the net wage of Mo Salah for the last week of March 2022.