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Calculate the labour cost to xyz company

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Reference no: EM132532967

Question 1: Use the information provided below to calculate the labour cost to XYZ Company in respect of Mervin for the week ended 29 April 2019.

INFORMATION

Downtown Manufacturers has a five-day working week of eight hours per day for its employees at one of its projects. Overtime is paid at a rate of normal tariff plus 50% for weekdays and Saturdays, and at normal tariff plus 100% on Sundays and public holidays.

David worked 45 hours for the week ending 28 September 2019, made up as follows:

Sunday                                   3

Monday                                 8

Tuesday (Public holiday)              5

Wednesday                                8

Thursday                                   8

Friday                                      9

Saturday                                    4

Additional information:

Normal hourly wage rate                R200

Pension fund based on normal remuneration:

Employer's contribution           10%

Employee's deduction               7%

Medical aid fund:

Employer's contribution (per week)   R800

Employee's deduction (per week)     R600

Unemployment Insurance fund based on gross remuneration:

Employer's contribution 1%

Employee's deduction 1%

Income tax calculated on taxable income 20%

Reference no: EM132532967

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