Salary and Wages
Zoltan is paid $17.90 per hour. What are his earnings for a 26-hour week?
$17.90 x 26 = $465.40
Regina works in a cafe and receives a uniform allowance of $8.50 per day. Her hourly rate of pay is $15.23
Find her pay if she works for 5 days and 4 hours per day.
$15.23 x 4 x 5 + $8.50 x 5 = $347.10
Sue picks mushrooms and is paid $2.15 per box.
What is her pay for picking 53 boxes?
$2.15 x 53 = $113.95
How old is Mr Pollack currently
28
Ito uses the following information to calculate her taxable income: wages $28 369, interest $32 (joint account), bonus $300, cost of uniforms $250, tax agent fee $50 and work-related car expenses $25.
Calculate Ito's taxable income.
$28369 + ($32/2) + $300 - $250 - $50 - $25 = $28360
An electrician works a 42-hour week. Find his yearly pay if he earns $36.50 per hour.
$36.50 x 42 x 52 = $79 716
Jack is a security guard and is paid $26.50 per hour. If he works on the door, he is paid an extra $30 danger money.
Find Jack's wage for a week in which he is on the door for 3 nights and works 30 hours.
$26.50 x 30 + $30 x 3 = $885
What is the minimum rate for superannuation.
9.5%
What year did PPSHS open
2000
Sam receives a gross weekly wage of $911.03. His weekly deductions are tax of $133.23, union fees of $5.20, health insurance of $11.80, and superannuation contribution of $19.50.
Calculate his yearly net income.
($911.03 x 52) - ($133.23 x 52) - $5.20 - $11.80 - $19.50 = $40409.10
Mal receives a salary of $63 428 per annum. He works six days per week, 8 hours per day. What is his hourly rate?
$63 428 / (6 x 52 x 8) = $25.41
Hewey works as an apprentice plumber and is paid $11.30 per hour. He is paid digging allowance of $11.50 per day if he has to dig trenches and $15.80 per day if he works on open sewers.
Find his pay for a week in which he works 42 hours, digs on 2 days and works on an open sewer for 3 days.
$11.30 x 42 + $11.50 x 2 + $15.80 x 3 = $545
Turay is paid a commission of 8% on all sales.
Turay sold $9000 worth of product this week, how much did her earn.
pay : 0.08 x $9000 = $720
What year did Mr Peggrem become principal?
2016
Kang earns $1728 per week. His employer contributes 9% of that amount to Kang's superannuation fund and Kang contributes 3%.
Calculate the total weekly contribution to his superannuation.
0.09 x $1728 + 0.03 x $1728 = $207.36
Paula is a junior and works during the school holidays. She is paid $15.70 per hour normal rate. She works 30 normal hours, 6 hours at time-and-a-half and 3 hours at double time.
What is her pay?
$15.70 x 30 + $15.70 x 6 x 1.5 + $15.70 x 3 x 2 = $706.50
The fortnightly living-at-home student rate for a single person under 18 years is $239.50
It reduces by 50 cents for every dollar in excess of $437 earned per fortnight.
Sharon is 17, living at home and earning $451 per fortnight. What is her allowance?
Excess : $451 - $437 = $14
Reduced by : $0.50 x $14 = $7
Allowance : $239.50 - $7 = $232.50
What is the tax free threshold?
The tax free threshold refers to the amount of money you can earn before you are taxed.
Name something that can act as a tax deduction?
Donations, uniforms, internet, businesses expenses.
Maria's gross income is $46 832 per annum. Calculate her medicare levy.
Medicare : 0.02 x $43775.72 = $875.51
Bimo is paid $652 for a 38-hour week. Bimo's mother says his monthly pay is $2608.
Is she correct? Explain using calculation.
No,
Bimo's annual salary : $652 x 52 = $33 904
Monthly salary : $33 904 / 12 = $2825.33
$2825.33 - $2608 = $217.33 more than what Bimo's mother says it is.
Tabitha received a 17.5% holiday loading on 4 weeks normal wages. She normally works a 32-hour week.
Her 4 weeks holiday pay and loading is $2587.90
What is her normal hourly pay rate?
4 weeks pay : $2587.90 / 1.175 = $2202.47
Weekly pay : $2202.47 / 4 = $550.62
Hourly rate : $550.62 / 32 = $17.21
George sells confectionary. He is paid $2240 per month plus commission on all sales.
In June he made sales that totalled $53 821, and his commission was based on the following rate: $1050 plus 1.5% of sales over $40 000.
How much were his earnings for June?
Commission : $1050 + 0.015 x ($53821 - $40000) = $1257.32
Total earnings: $2240 + $1257.32 = $3497.32
A tax file number allows you to pay tax.
Natalie earns $38 550 per annum as a recording artist. She has tax deductions of $8550 and, throughout the year.
Natalie paid $10,000 tax for the year.
Find out if she receives a tax refund or tax balance payable.
Gross income : $38550
Taxable income : $38550- 8550 =30000
Tax : $19c for each $1 over 18,200 (30,000-18200 =$11800)
Medicare levy = 0.02 x 38550 = $771
Total tax : $11800 + $771 = $12571
$12571 > $10000 therefore Natalie must pay $2571 in tax
Total tax payable : $10177.69 - $10044.44 = $133.25