Mary Jones works as a technical assistant at Communications Jamaica Ltd. She earns annual basic salary of $2,470,000. In addition she is paid a weekly taxable meal allowance of

$10,000; and non-taxable uniform and laundry allowance of $10,500 weekly. The following information was also made available.

Notes:

i. Statutory Rates

Deductions	Employee’s Rate	Employer’s Rate
Income tax	25% of taxable income
NIS	3% of gross income	2.5% of gross income
Education Tax	2.25% of statutory income	3.5% of statutory income
NHT	2% of gross income	3% of gross income

ii. NIS is paid at 3% of gross income up to $5,000,000 p.a. after that the “flat rate” applies.

iii. The Income tax threshold is $1,500,096 per annum.

iv. The following personal deductions are made from salary: Credit union $416,000 annually; insurance $78,000 annually; and car loan of $7,500 weekly.

v. The company operates a pension scheme to which a contribution of 6% of basic income is made.

vi. For the fortnight January 10, 2016-January 23, 2016, overtime amounting to $12,000 was earned.

Assist Mary Jones by calculating the following for the fortnight January 10-23, 2016:

a. Gross Pay

b. Statutory Income

c. Taxable Income

d. Net Pay