Calculating Net Pay

This activity is for re-calculating gross earnings, based on new leave information provided. You will also want to calculate the pay as you go withholding, as well as the net pay for each employee.

	Employee 001	Employee 002	Employee 003	Employee 004
Payment frequency:	Weekly	Fortnightly	Monthly	Weekly
Pay Rate:	$17.80 p/h	$22.60 p/h	$27.50 p/h	Salaried: $67,500
Regular Hours worked:	17	76	122	38
Overtime hours:		8.5		3 (should not include in calc)
Bonus		125.00		72
Total Gross Earnings
Leave taken (Hours)		8		4
Recalculated Gross Earnings
Employment type	Part time	Full time	Contract	Full time
TFN Declaration Details	TFN provided Tax free threshold not claimed No Medicare Exemption Australian Resident	TFN provided Tax free threshold claimed No Medicare Exemption Australian Resident	ABN not provided	TFN provided Tax free threshold claimed Full Medicare Exemption Australian Resident
Pre-tax Deductions	0	$128.00 (Salary Sacrifice	0	$86.00 (Salary Sacrifice)
PAYG Withholding
Other Deductions	0	$110 (Car repayment) $50 (Child Support) $10 (Union fees)		$49.50 (Credit Card) $10 (Union fees)
Net Pay