FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Study the information provided below and calculate the hourly recovery tariff per hour (expressed in
rands and cents) of Martha.
INFORMATION
The basic annual salary of Martha is R576 000. She is entitled to an annual bonus of 90% of her basic monthly
salary. Her employer contributes 8% of her basic salary to her pension fund. She works for 45 hours per week (from
Monday to Friday). She is entitled to 21 days paid vacation leave. There are 12 public holidays in the year (365
days), 8 of which fall on weekdays.
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