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-n7 ed Bout of g question The timesheet of employee Stevens shows that he worked...

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Accounting

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-n7 ed Bout of g question The timesheet of employee Stevens shows that he worked 44 hours during a 40-hour workweek. On Monday and Saturday, he worked 2 hours overtime respectively. The normal overtime remuneration (1/2 x normal wage) is paid. His normal wage is N$6 per hour Medical aid and pension fund contributions (6% and 10% of normal wages respectively) are paid on a 50:50 basis by employer and employee. PAYE (12% of taxable income) is the only other deduction being made. Assume that a year consists of 52 workweeks that Stevens gets 3 weeks' holiday leave per year and that the enterprise is closed for eight (8) public holidays during the year. Normal idle time is budgeted as 772% and a holiday bonus equal to 3 weeks' wages is paid Calculate the total labour cost for the year

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