Gross and net pay
Alicia Lyons
Created on November 13, 2024
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Transcript
Activity Calculate gross and net pay
Gross and net pay
Start
Who pays income tax?
Tobias is paid an annual salary of £30,000. What is his gross pay per month?
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Gross and net pay
£2,500
£2,200
£2,550
Who pays income tax?
Bow has gross monthly pay of £2,450 and total deductions of £583.25. How much money will be paid into her bank account this month?
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Gross and net pay
£1,835.24
£1,866.75
£1, 756.30
Who pays income tax?
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£2,383.33
Gross and net pay
£1,952.95
£2,090.45
John has gross monthly pay of £2,750. He has to pay income tax of £366.67, NICs of £292.88 and workplace pension contribution of £137.50.How much is his net pay?
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£2,450 - £583.25 = £1,866.75
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£30,000 ÷ 12 = £2,500 a month
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£366.67 + £292.88 + £137.50 = £797.05£2,750 - £797.05 = £1,952.95
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