April 2020

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Posts published in April 2020

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How to calculate employees Covid-19 UIF TERS benefit payout

STEP 1 The employer must calculate the employee’s daily income. The calculation will depend on whether the employee is a weekly or monthly earner. Daily income for weekly earners is calculated by multiplying the employee’s weekly rate by 52 and dividing same by 365. For example: R1,000 a week multiplied by 52 (R52,000) divided by […]