F. Moore has a basic working week of 40 hours, paid at the rate of 10 per
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F. Moore has a basic working week of 40 hours, paid at the rate of £10 per hour. For hours worked in excess of this he is paid 11/2 times basic rate. In the week to 12 March 2016 he worked 46 hours. The first £110 per week is free of income tax, on the next £60 he pays tax at the 20 per cent rate and above that he pays at the 25 per cent rate. National Insurance amounted to £32. Calculate his net wages.
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood
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