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Question - The Nekoachemo Ltd hired five employees. Each of the four employees worked a total of 20 overtime hours. The one employee worked a total of 25 hours. Employees work 52 weeks in a financial year of which 45 weeks are normal working weeks. The company's normal hours in a week are 48 hours per employee. The normal rate is R50 per hour per employee. The overtime rate is two and half the normal rate.
Employer's total contributions are as follows:
Pension fund is 9% of basic salary.
UIF is 1% of gross salary.
Annual total Medical aid (for all employees) is R42 743,75
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