JWS Transport Company’s employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immediately (that is, an employee is entitled to the pay even if employment terminates). During 2024, total salaries paid to employees equaled $418,000, including $6,000 for vacations actually taken in 2024 but not including vacations related to 2024 that will be taken in 2025. All vacations earned before 2024 were taken before January 1, 2024. No accrual entries have been made for the vacations. No overtime premium and no bonuses were paid during the period.Required:Prepare the appropriate adjusting entry for vacations earned but not taken in 2024.Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

In general, employees who have under 5 years of seniority within a company are entitled to how much vacation pay?At least $5 for every shift workedChosen answerAt least 12% of gross wagesAt least 4% of gross wagesEmployees with under 5 years of seniority are not entitled to vacation pay

States that 4% is added to normal pay or 2 weeks paid vacation is to be given after 1 year, and 6% of pay is added to normal pay or 3 weeks paid vacation is to be given after 2 years.Choose matching termInvitations to do businessInjurious falsehoodEmergency doctrineVacations and vacation pay

Earnings are wages, overtime pay, holiday pay, vacation pay, and termination pay. States that payment is due within 10 days at the end of the pay period, however, earnings must be paid within 3 days if the job has ended. This limits deductions such that none are allowed if others have access to cash or property. The mandates employers must notify employees of changes in pay rates before the pay period commences.Choose matching termSpecial damagesPay earningsBilateral contractsMorrow case

Jabulani is employed by Mollo (Pty) Ltd. The normal working week of the company is 40 hours. Jabulani's basic wage rate is R60 per hour. The company pays Jabulani normal time and a half for any work in excess of 40 hours per week. In the week ending 12 April 2024, Jabulani worked 45 hours.Additional information:1.       Jabulani makes the following contributions:          Pension fund               7,5% of normal wage          Medical Aid                 8% of normal wage          UIF                              1% of gross wage2.       The company makes the following contributions:          Pension fund               15% of normal wage          Medical aid                  8% of normal wage          UIF                              1% of gross wage3.        Jabulani pays PAYE at 18% of his taxable income. Calculate the missing data and choose the correct answer from the options provided: RBlank 1Blank 2Blank 3Blank 4Blank 5Blank 6Blank 7Blank 8Blank 9Blank 10Less: Other deductions           PAYEBlank 11          Medical aidBlank 12          UIFBlank 13Net wage payableBlank 14

Usiba Limited produces and sells pencils. On 1 January 2024, the company acquired the services of Ms K Njokwe. The following information was taken from daily time tickets of Ms Njokwe for the week ended 15 March 2024:Name of employeeMondayTuesdayWednesdayThursdayFridayMs K Njokwe91110129 ADDITIONAL INFORMATION:The following terms and conditions apply to the contract of Ms Njokwe:Ms Njokwe’s normal weekly wage amounts to R1 890.The normal working week of the company is 45 hours. The company pays Ms Njokwe normal time and a half for any work more than 45 hours per week.Deductions and employee benefits are as follows:UIF: 2% of gross wage on 1:1 basis between the employer and the employee, respectively.Medical Aid: 8% of normal wage on 60:40 basis between the employer and the employee, respectively.Pension fund: 16% and 8% of normal wage by employer and employee, respectively.PAYE: Latest tax tables show that Ms Njokwe pays tax at 18% of taxable income.Required:Calculate the missing data and choose the correct answer from the options provided: RBlank 1Blank 2Blank 3Blank 4Blank 5Blank 6Blank 7Blank 8Blank 9Blank 10Less: Other deductions          PAYEBlank 11          Medical aidBlank 12          UIFBlank 13Net wage payableBlank 14