1 Deductions Press Ctrl-A ©2009 – Not to be sold/Free to use Stage 5 Year 9.
4
1 Deductions Deductions Press Ctrl-A Press Ctrl-A ©2009 – Not to be sold/Free to use Stage 5 Stage 5 Year 9 Year 9
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Transcript of 1 Deductions Press Ctrl-A ©2009 – Not to be sold/Free to use Stage 5 Year 9.
1
DeductionsDeductions
Press Ctrl-APress Ctrl-A©2009 – Not to be sold/Free to use
Stage 5Stage 5Year 9Year 9
2
Deductions (1/2)
Gross payGross pay= normal pay + overtime + = normal pay + overtime +
allowancesallowances
= gross pay - total = gross pay - total deductionsdeductions
Net payNet pay
End ofSlidec
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Deductions (2/2)C
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End ofSlide
James earns $540$540 per week gross.He pays $50$50 tax and $90$90 superannuation.
What is his NetNet income?
NetNet income =$540 - $50TaxTax
- $90
SuperannuaSuperannuationtion
= $400
Gross Gross Income Income
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Deductions (2/2)C
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End ofShow
Runae earns $440$440 per week net.He pays $40$40 tax and $120$120 superannuation.
What is her GrossGross income?
GrossGross income =$440+ $40TaxTax
+ $120
SuperannuaSuperannuationtion
= $600
Net Income Net Income
