PD2 CALCULATING FINANCIAL REWARDS

2.4 MOTIVATION
Calculating financial rewards
a)    Mary earns $6 per hour as a part time worker at a grocery shop. Her contracted hours are 15.5 hours per week. Calculate her weekly gross pay
b)    Jon earns $2500 per month. Income tax rate is 20% and his personal tax allowance is $17.040 per year. Use these figures to calculate Jon’s
a.     Annual gross income
b.    Annual taxable income
c.     Annual take home pay
c)     Jon earns $1420 per month. Income tax rate is 20% and his personal tax allowance is $17.040 per year. Use these figures to calculate Jon’s
a.     Annual gross income
b.    Annual taxable income
c.     Annual take home pay
d)    Sarah works in an office and earns $2450 per calendar month. Calculate how much she earns per week.

e)    As a lawyer, Mario earns a basic salary of $1000 per month. Last month, he sold goods to the value of $19000 on which he earns 6.5% commission. Calculate his gross pay for the month. 

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