User Account

All Pages

Calculate the gross wages of unemployment insurance fund

Assignment Help Cost Accounting
Reference no: EM132596504

The workers of CTM Company are paid at different rates: Liz is remunerated according to a piece work system and produced 300 units in a 40 hour working week.

Sipho is remunerated according to a time rate system and produced 250 units during the 40 hour week.

The following rates apply:

Time rate: R30 per hour.

Piece rate: R15 per unit.

Required:

Question 1: Calculate the gross wages of:

  1. Liz
  2. Sipho
  3. UIF (Unemployment Insurance Fund) is one of the deductions that can be made from gross wages in order to calculate taxable income. Consult sources other than your prescribed text and briefly explain what UIF is.

Question 2: Briefly explain how you would calculate labour productivity.

Reference no: EM132596504

Questions Cloud

Determine and interpret the net present value : If the NPV of this proposed idea is R0 based on a required rate of return of 15%, would you recommend the company to go-ahead with the decision?
Determine and create a schedule of cost of goods sold : How create a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold.
How explain to the sales manager on managerial uses : How Explain to the sales manager on ANY THREE (3) managerial uses of cost-volume- profit analysis in decision making. Provide the suitable example.
What was the company Days Outstanding in Inventory : Easton Company had average inventory for the year of $640,000 and an inventory turnover ratio of 9.8. What was the company's Days Outstanding
Calculate the gross wages of unemployment insurance fund : Calculate the gross wages of Unemployment Insurance Fund is one of the deductions that can be made from gross wages in order to calculate taxable income
Describe six indicators of fraudulent activities : Describe six (6) indicators of fraudulent activities that have been highlighted in the issues raised by Amy
Diversifiable and nondiversifiable risks : In broad terms, why is some risk diversifiable? Why are some risks nondiversifiable? Does it follow that an investor
?calculate the profit for the years ended : ?Calculate the profit (loss) for the years ended 30 April 2018 to 30 April 2020 which must be transferred to the income statement
Appropriate organizational form for a startup business : q1 Why would secrecy in operating a business be important to an owner? What form of organization would be most appropriate for a business requiring

Reviews

Write a Review

Cost Accounting Questions & Answers

  Explain the income statement of concord company

Explain the income statement of Concord Company.Accounts receivable decreased $290,000 during the year.Prepaid expenses increased $170,000 during the year.

  Make the adjusting entries for the month of april

Prepare the adjusting entries for the month of April. Show computation - Depreciation on the equipment is RM 500 per month.

  Create the balance sheetincome statement and statement of

create the balance sheetincome statement and statement of retained earnings for the following company in an

  Calculate the contribution margin percentage

Calculate the contribution margin percentage and breakeven point in units and revenues for August 2014.

  What is the total amount of costs that are not direct costs

What is the total amount of the costs that are NOT direct costs of the Northridge Store?Corporate headquarters building lease $85,400

  Explain the process costing method with the characteristics

Explain the Process Costing method their characteristics, features and challenges; and their application in manufacturing industries.

  ACCT 3203 Cost Accounting Assignment

ACCT 3203 Cost Accounting Assignment Help and Solution, Oklahoma State University - Homework Help Discuss the features of an ideal budgetary process.

  Necessary journal entries for the transactions

Make the necessary journal entries for the transactions - Issuance of the bonds and first interest payment

  Restate carrying amounts of the assets of retail business

Restate the carrying amounts of the assets of the retail business after accounting for the result of the impairment review - Explain how these two buildings should be accounted for in the financial statements of Plethora plc for the year to 31 Decem..

  Develop a rough estimate for each divisions cost of capital

What are two techniques that you could use to develop a rough estimate for each division's cost of capital? Your initial response should be 200 to 250 words.

  Would a zero-coupon bond ever sell for its face amount

Would a zero-coupon bond ever sell for its face amount? Bonds Payable has a balance of $750,000, and Discount on Bonds Payable has a balance of $12,500.

  What is the fergusons federal income taxes payable or refund

What is the Fergusons' 2016 federal income taxes payable or refund, including any self-employment tax and AMT, if applicable?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd