Yr 11 Earning Money & Tax

This week Romilly worked at a childcare centre for 37 hours at $16.40 per hour plus 6 hours overtime at time and a half. Calculate her earnings for the week.

• $606.80

• $147.60

• $754.40

• $705.20

Tags

CCSS.7.EE.B.3

Liam works as a bartender. His time sheet is attached. If he earns $18.17 per hour between 8.30am - 6pm, time and a half between 6pm - 11.30pm, and double time on public holidays. Calculate Liam's pay.

• $163.53

• $495.13

• $181.70

• $313.43

Tags

CCSS.4.MD.A.2

Kazh earns a retainer of $415 per week plus a commission of 8.5% on the value of the products she sells. How much does she earn if she sells $1595 worth of product?

• $550.58

• $415

• $2305.08

• $450.28

Tags

CCSS.7.RP.A.3

Ryan earns a yearly salary of $46 598. Calculate, correct to the nearest cent, his holiday loading, which is 17.5% of the normal pay for 4 weeks.

• $3584.46

• $627.28

• $896.12

• $679.55

Tags

CCSS.6.RP.A.3C

What does the term 'per annum' mean?

• An agreed yearly income, regardless of the amount of hours worked

• The amount of money earned after allowed deductions

• For the total of a year

• An income paid on an hourly basis

Tags

CCSS.RI.11-12.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.8.7

CCSS.RL.9-10.7

The total amount of money earned before payroll withholdings

• net pay
• gross pay
• payroll deductions
• none of these

Tags

CCSS.6.NS.B.3

Also known as take home pay, this is the amount left after all payroll deductions have been taken from the gross income

• gross pay
• withholdings
• net pay
• real pay

Tags

CCSS.7.RP.A.3

Net income is:

• the total amount of money you earn
• the amount of money you receive after deductions are subtracted from your gross income
• the amount of money that is taken away in the form of taxes
• the hourly rate of pay

Tags

CCSS.7.RP.A.3

The income tax on $100 666 is $19 822 plus 37 cents per dollar over $87 000. What is the tax payable on $100 666?

• $24 878.42

• $19 822

• $14 765.58

• $5 056.42

Ossie has a wage of $23 879 per annum. He receives a bonus of $800, makes donations to charity of $75 and is entitled to a deduction for work-related car expenses of $415. What is Ossie's taxable income?

• $24 415

• $25 397

• $24 188

• $23 961

Tags

CCSS.7.NS.A.3