Do you award a 'bonus' or 13th cheque in your workplace? If so, read on to find out how to calculate the 13th cheque amount correctly.
The Practical Tax Loose Leaf Service explains that payments received in a particular period, for a longer period (such as a 13th bonus cheque) must be pro-rated according to the gross salary average.
You can then include these amounts in the remuneration ... ››› more
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