Answer to Question #308012 in Management for lydia

Question

Panel beater

S.Slinger is employed as a panel beater at NBW. Due to the nature of his work he is remunerated on a time based system. The normal week at NBW is 45 hours. On the first week of May 2021, S. Slinger worked for 50 hours. The company pay an hourly rate of N$30 per hour. Overtime when worked is remunerated at a time at a time and half.

The following are his deduction for the week:

social security - 0.9 of normal wages

pension fund - 8% of normal wages

income tax - N$315

it is NBW s policy to contribute the same amount as the employees toward the social security fund and pension fund.

REQUIRED:

Prepare a pay slip for S. Slinger in as much detail as possible

Answer 1

a) Payslip of S.Slinger Total Number of works worked 50 hours

Overtime Hours( 50-45) 5 hours Remuneration per hour N$ 30 Normal

wages ( N$ 30 X 50) N$ 1,500 Add: Over time ( 5 X N$30X50%) N$ 75

N$ 1,575 Less: Deductions Social Security ( 1500 X 0.9%