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marta [7]
2 years ago
6

Peter Chibwe works at Company XYZ. The following information relates to his performance at work for a single week Deductions are

as follows:Pension fund is 7.5% of the normal wage PAYE is 20% of the taxable income on gross wages employment Insurance Fund is 1% of the normal wage and is tax deductible Medical aid is 5% of the normal wageK10.00 per week for union membershipREQUIRED:Calculate the monthly net wage for Peter Chibwe showing all the detailed calculations (7 marks)Prepare a payslip for Peter Chibwe for the month of February 2022 (7 marks)Discuss fully the remuneration method(s) used by Company XYZ. (6 marks) (Total: 20 MarksPeter Chibwe works at Company XYZ. The following information relates to his performance at work for a single weekDeductions are as follows:Pension fund is 7.5% of the normal wagePAYE is 20% of the taxable income on gross wageUnemployment Insurance Fund is 1% of the normal wage and is tax deductibleMedical aid is 5% of the normal wageK10.00 per week for union membershipREQUIRED:Calculate the monthly net wage for Peter Chibwe showing all the detailed calculations (7 marks)Prepare a payslip for Peter Chibwe for the month of February 2022 (7 marks)Discuss fully the remuneration method(s) used by Company XYZ. (6 marks) (Total: 20 MarksPeter Chibwe works at Company XYZ. The following information relates to his performance at work for a single weekDeductions are as follows:Pension fund is 7.5% of the normal wagePAYE is 20% of the taxable income on gross wageUnemployment Insurance Fund is 1% of the normal wage and is tax deductibleMedical aid is 5% of the normal wageK10.00 per week for union membershipREQUIRED:Calculate the monthly net wage for Peter Chibwe showing all the detailed calculations (7 marks)Prepare a payslip for Peter Chibwe for the month of February 2022 (7 marks)Discuss fully the remuneration method(s) used by Company XYZ. (6 marks) (Total: 20 Marks
Mathematics
1 answer:
Colt1911 [192]2 years ago
3 0

The question is related to Payroll Administration and Management.

Where the weekly gross is $10,000 the Net Pay is $ 7,240 while monthly Net Pay is $ 28,960.00.

<h3>What is Payroll Administration?</h3>

This is defined as the series of task required to organize the compensation an benefits of the employee for the period that they have spent working.

<h3>The solution is given below:</h3>

A) Note that the information given above is for a week. We are not given the gross wage. Hence we'd assume that the gross wage for the week is $10,000.

If gross pay is $10,000, Net Pay is calculated by removing deductions.

Deductions are:

Pension fund = 7.5% of 10,000 = $750

PAYE Tax = 20% of (95% of 10,000) = $1,900 This is because medical aid is non-taxable.

Employee Insurance = 1% of 10,000 = $100

Union Membership = $10

The Total Deduction thus is = 750 + 1,900 + 100 +10 = $2, 760.00

The Net pay =  Gross Pay Less Deductibles

= 10,000-7,760

Thus The Net pay = $ 7,240/Week.

His weekly net wage will be:

7,240 * 4 = $28,960.00/Month

B) The kind of remuneration method used by company XYZ is

Time Rate System. Under the time rate system, the worker is paid per hour, per day, per week, or per month.

It is normally used for workers who are engaged on highly skilled jobs or highly skilled services, for example, equipment testing, or inspection of operations, toolmaking, etc.

See the link below for more about payroll administration:

brainly.com/question/15858747


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Population density is the number of people per unit of area.


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How to write this standard form?<br><br> 2y=-3x+5
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2 years ago
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A package of dental floss has 175 m of floss. Dr.Pierre bought 150 packages to give to his patients. How many metres of dental f
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The total length of the dental floss in 150 packages will be 26250 meters.

<u><em>Explanation</em></u>

A package of dental floss has 175 m of floss.

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So, the equation according to the <u>ratio of "number of packages" to "dental floss"</u> will be.....

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So, the total length of the dental floss in 150 packages will be 26250 meters.

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3 years ago
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Oxana [17]
The easiest way to figure out probability problem with small data sets is to write out your entire sample space then divide by the total:

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Now if we have to get a 6 with the product being at most 15 we know that the biggest number that 6 can be multiplied by is 2 which gives us 12.

We are left with 4 options:

{[1,6],[2,6],[6,1],[6,2]}

The probability of this happening is 4/36 = 1/9 = 0.1111...
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