8.04 Deductions and net pay

For a gross income of \$57\,000, calculate the net income when:

Bill earns \$843.50 per week and has the following deductions from his gross wage: tax \$253.05, superannuation, \$85, and union fees, \$25.61. Calculate Bill’s net pay.

Christa earns \$2563.65 every two weeks and has the following deductions from her gross wage: tax of \$559.17, superannuation of \$79, and union fees of \$22.47.

If tax is stated as being 15.9 cents in the dollar, what percentage tax is this?

Calculate the net weekly wage of a carpenter who must pay 16\% tax on an annual salary of \$38\,080.

Brad has a gross weekly wage of \$982.32, and pays \$36.27 for health insurance and \$9.76 for union membership. His net weekly pay is \$781.57.

Calculate the percentage of gross income going to taxes when:

Express net income as a percentage of gross income for each of the following cases:

A train conductor is paid \$21.66 per hour for a 40 hour week, with overtime paid at a time and a half rate.

A self-employed tradesman must put aside 9.5\% of each fortnightly wage towards superannuation, and pay 10\% GST to the government. If he earns \$1267 in a fortnight, calculate his net income after these deductions.

A barber earns a gross hourly wage of \$13 per hour during normal working hours, and earns time-and-a-half on weekends. If, for every fortnight, he works 14 normal hours and 13 hours on weekends, calculate:

Bob received his weekly pay slip. His hourly rate is \$23.21. Complete the third column of the following table:

Dave receives a weekly gross salary of \$530. If he pays 19\% of this in income tax, 9\% in superannuation and \$7.70 in medical insurance, calculate his net weekly pay.

Iain is a window cleaner and is paid a gross wage of \$26.34 per hour. He works for 55 hours every fortnight. Each fortnight \$151.72 is deducted as PAYG tax instalments as well as \$39.19 for health insurance. Find Iain's net fortnightly pay.

Eileen, a retiree, receives annual superannuation payments of 60\% of her final year's salary of \$46\,000. Calculate:

If 9\% tax is payable on income but not inheritance, how much must be deducted from an income and inheritance that totals \$7350, of which 46\% is inheritance?

A labourer is paid a gross annual salary of \$31\,300. Each week, he contributes 8\% of his gross pay to a voluntary superannuation fund. His other weekly deductions are \$103.50 PAYG tax and \$9.50 for union fees. Calculate:

Irene’s gross fortnightly pay is \$2216.49. Each fortnight, her employer deducts \$390.76 in PAYG tax instalments and \$38.57 in voluntary superannuation contributions. Find Irene's weekly net pay.

Yuri has a gross salary of \$69\,941.69 with an annual income tax deduction of \$15\,759.98, a superannuation contribution of 9.5\% of the gross salary and a health insurance contribution of \$92 per week, for 52 weeks. Calculate his net annual income.

Amelia’s employer deducts a percentage of her income in tax. The fortnightly amount deposited into Amelia's account is \$1964 and she earns an annual gross income of \$63\,830.00.

Employers are legally obliged to pay an amount worth 9.5\% of an employee's income into a superannuation fund. If Emma's annual income is \$43\,000 and she chooses to contribute a further 5\% of her income into her superannuation fund, calculate:

Matt is self-employed and must put aside his own superannuation and tax each month. He estimates his income in the first half of the year to be \$57\,600 and for it to grow by 2.8\% in the second half of the year. He is to be taxed at a rate of 30\% and must put aside 9.5\% of his gross annual income into a superannuation fund.

During a week over the Christmas period, Neil worked for 32 hours at the normal pay rate and 10 hours at the time-and-a-half rate, and 6 hours at the double time rate. His employer deducted 43\% of his gross income in tax, leaving a net income for that week of \$942.56.