# 1 Press Ctrl-A ©G Dear 2008 – Not to be sold/Free to use Additions and Deductions Stage 6 - Year 11 General Mathematics Preliminary.

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1 Press Ctrl-A ©G Dear 2008 – Not to be sold/Free to use Additions and Deductions Stage 6 - Year 11 General Mathematics Preliminary

2 Deductions and Gross Pay Gross Pay is the pay before any deductions are made. Net Pay is the pay after deductions are made. Net Pay = Gross Pay - Deductions

3 Deductions from Gross Pay Some deduction are calculated on an annual basis and deducted weekly (÷52) or fortnightly (÷26). Some deduction are calculated as a percentage of gross earnings.

4 Deductions from Gross Pay Example 1: Ben has a gross income of \$500 per week. He has \$125 deducted for tax and \$75 for superanuation. Calculate his Net income. Net Income =  Label \$500 – \$125 – \$75 = \$300  Calculation  Answer with units.

5 Deductions from Gross Pay Example 2: Mary has annual union fees of \$605.80. Calculate her fortnightly deduction. Fortnightly Deduction =  Label 605.8 ÷ 26 = \$23.30  Calculation  Answer with units.

6 Deductions from Gross Pay Example 3: George earns \$650 per week. He pays 4% as a contribution to superannuation. Calculate his contribution. Super Contribution =  Label 0.04 x 650 = \$26.00  Calculation  Answer with units.

7 Additions to Gross Pay Holiday Loading Some employees are paid 17½% of their gross pay for four weeks when they take their annual leave.

8 Additions to Gross Pay Example 4: Gabriel earns \$1450 per week. He receives 17.5% of four weeks as a Holiday Loading in addition to his normal pay.. Calculate his holiday pay for 4 weeks. Holiday Loading =  Label 0.175 x 4 x \$1450 = \$1015.00  Calculation  Answer with units. Holiday Pay =  Label \$1450 x 4 + \$1015 = \$6815.00  Calculation  Answer with units.

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