A a shop managers annual gross salary is pound29400 a bonus


(a) A shop manager's annual gross salary is £29,400. A bonus of 3½% of the monthly gross salary is earned and paid in October. Deductions from salary in October are Income Tax and National Insurance. National Insurance deduction in October is 6¾% calculated on the total of monthly gross salary plus bonus. Income Tax deduction in October is £430.

Calculate the manager's net salary for October.

(b) A shop assistant is paid a basic wage of £6.40 per hour for 37 hours and one-and-a-half times basic wage for any additional hours worked in that week.

In a particular week, the shop assistant worked 41 hours and also received a 2½% commission on sales of £2,600.

Calculate the total of wages and commission earned by the shop assistant for that week.

(c) The shop assistant is offered a similar job in Holland at a flat rate of €525 per week.

Using a rate of exchange of €1.4 = £1, convert this to pounds sterling.

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Macroeconomics: A a shop managers annual gross salary is pound29400 a bonus
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