Question

Your company wishes to employ a Level 2 employee on a full-time basis under the Bankiing,...

Your company wishes to employ a Level 2 employee on a full-time basis under the Bankiing, Fiance and Insurance Award 2010. You are required to find out the minimum annual salary for an adult and what percentage of the adult rate must an 18 year old be paid at a minimum? (austrlia environment)

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Following is the full description of wage rate of level 2 full time employee

Classification weekly pay rate hourly pay rate early morning shift afternoon shift afternoon shift - permanent shiftwork night shift night shift - permanent shiftwork
Level 2 $837.40 $22.04 $24.80 $26.45 $27.55 27.55 28.65

An 18 year old must be paid must be paid 70% of what an adult rate is. According, it will be as follows

Level weekly pay rate hourly pay rate early morning shift afternoon shift afternoon shift - permanent shiftwork night shift night shift - permanent shiftwork
Level 2 586.18 (837.40x70%) 15.43 (22.04x70%) 17.36 (24.80x70%) 18.52 (26.45x70%) 19.29 (27.55x70%) 19.29 (27.55x70%) 20.06 (28.65x70%)
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Your client wishes to insure their Ferrari. Mooncorp Insurance has quoted an annual premium to insure...
Your client wishes to insure their Ferrari. Mooncorp Insurance has quoted an annual premium to insure the car of $15,000. Mooncorp offers a 5% discount if you pay the lump sum immediately. They also offer an alternative payment method. The account can be paid in full by making 12 equal start-of-the month payments of $1,400, rather than the lump sum, with the first payment due upfront. What is the effective annual opportunity cost of paying monthly? In other words, what...
Choosing a Source of Credit: The Costs of Credit Alternatives Jamie Lee Jackson, age 27, full-time...
Choosing a Source of Credit: The Costs of Credit Alternatives Jamie Lee Jackson, age 27, full-time student and part-time bakery employee, is busy setting up her new home. Her budget is a little tight now as she made the decision to move in to a place of her own, which gives her privacy and independence, but all of the expenses are now her responsibility. Jamie Lee applied for three store credit cards when she was shopping for her furnishings. The...
Yeah, Science! Pinkman Inc. (“Pinkman”) is a wholly owned subsidiary of an SEC registrant. Pinkman has...
Yeah, Science! Pinkman Inc. (“Pinkman”) is a wholly owned subsidiary of an SEC registrant. Pinkman has a contract (the “Contract”) with the Heisenberg Institute (“Heisenberg”), which is a privately funded research institute with the stated mission of developing a cure for narcolepsy and other wide-spread sleep disorders. Under the Contract (which has a term of ten years), Pinkman serves as the administrator of the “Lab,” which is a multiple-unit campus consisting of recreational vehicles that Heisenberg uses to conduct research....
Subject: Human Resource Management Main question: Which benefit plans would you choose, and which wouldn't you...
Subject: Human Resource Management Main question: Which benefit plans would you choose, and which wouldn't you choose and give reasons why you would or would not want a benefit that were used in making the benefit selections (specially at at entry level making $30000). PROCEDURES: Assume that you recently graduated from college and are just starting a new job at a large firm. You will be receiving a starting net pay (net of all taxes and mandatory deductions) of $30,000....
Question 2 You are currently trying to decide between two cost structures for your business: one...
Question 2 You are currently trying to decide between two cost structures for your business: one that has a greater proportion of short-term fixed costs and another that is more heavily weighted to variable costs. Estimated revenue and cost data for each alternative are as follows: Cost Structure Alternative 1 Alternative 2 Selling price per unit $ 50 $ 50 Variable cost per unit 35 30 Short-term fixed costs per year 40,000 45,000 Required: 1. What sales volume, in units,...
1. It is time for Jung So Min Corp. to begin its annual budget preparation for...
1. It is time for Jung So Min Corp. to begin its annual budget preparation for its upcoming fiscal year, which ends on December 31, 2021. They are in need of temporary assistance in their accounting office, and have hired you to carry out the task of preparing the budgets. Jung So Min prepares quarterly budgets, and then from this information prepares an annual budget. To assist you in this task, Jung So Min has gathered the following information: 1)...
Employees Love SAS SAS, a software company established in 1976, has consistently been praised as one...
Employees Love SAS SAS, a software company established in 1976, has consistently been praised as one of the best places to work. Year after year, the company receives high rankings and awards from magazines such as Fortune and Working Mother. Review the three segments of the case and write your responses as instructed. Because employees do the actual work of the business and influence whether the firm achieves its objectives, most top managers agree that employees are an organization's most...
Wally’s Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012....
Wally’s Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts at the end of January are as follows:   Cash $ 21,020 Unearned Revenue (35 units) $ 5,150      Accounts Receivable $ 12,050 Accounts Payable (Jan Rent) $ 2,900      Allowance for Doubtful Accounts $ (1,700) Notes Payable $ 14,000      Inventory (40 units) $ 3,400 Contributed Capital...
The questions to answer regarding the case material are as follows: Company overview . How the...
The questions to answer regarding the case material are as follows: Company overview . How the company uses its own products or services to enhance the total compensation for its employees. The internal strengths and weaknesses you identified and how the company responded to these factors from a total rewards perspective. The external opportunities and threats you identified and how the company responded to these factors from a total rewards perspective. Examples of traditional and non-traditional rewards and how they...
Use the scenario to calculate the income (including the original loan) and expenditure for the first...
Use the scenario to calculate the income (including the original loan) and expenditure for the first year to determine if the business, from a financial perspective, is worth the risk for Mr Ngobeni. Scenario The cement industry in Kenya is currently undergoing mixed sentiments by various economic and financial specialists. From an economic perspective, this industry should grow, especially in view of the growing property markets. Due to these potential views of the cement market, there might be ample work...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT