# 1 Deductions Press Ctrl-A ©2009 – Not to be sold/Free to use Stage 5 Year 9.

## Presentation on theme: "1 Deductions Press Ctrl-A ©2009 – Not to be sold/Free to use Stage 5 Year 9."— Presentation transcript:

1 Deductions Press Ctrl-A ©2009 – Not to be sold/Free to use Stage 5 Year 9

2 Deductions (1/2) Gross pay = normal pay + overtime + allowances = gross pay - total deductions Net pay End of Slidec

3 Deductions (2/2) Consumer Arithmetic End of Slide \$540 James earns \$540 per week gross. \$50\$90 He pays \$50 tax and \$90 superannuation. Net What is his Net income? Net Net income = \$540- \$50 Tax  - \$90 Superannuation = \$400 Gross Income 

4 Deductions (2/2) Consumer Arithmetic End of Show \$440 Runae earns \$440 per week net. \$40\$120 He pays \$40 tax and \$120 superannuation. Gross What is her Gross income? Gross Gross income = \$440+ \$40 Tax  + \$120 Superannuation = \$600 Net Income 

Download ppt "1 Deductions Press Ctrl-A ©2009 – Not to be sold/Free to use Stage 5 Year 9."

Similar presentations