Mary Jones works as a technical assistant at Communications 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	Employees Rate	Employers Rate
Income tax	25% of taxable income
NIS	2.5% 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 2.5% of gross income up to $1,500,000 p.a. after that the flat rate applies. The Income tax threshold is $1,500,096 per annum.

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

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

(iv) For the fortnight January 10, 2016-January 23, 20120, overtime amounting to $12,000 was earned.

Mary Jones basic fortnightly pay is $:

a.47,500

b.205,833

c.127,000

d.95,000

2.)Mary Jones gross fortnightly pay is $:

a.115,000

b.127,000

c.95,000

d.107,000

3.Mary Jones statutory income for the fortnight is $:

a.60,479

b.121,300

c.123,875

d.118,175

4)Mary Jones Total Deductions for the fortnight is $:

a.48,144

b.120,840

c.63,144

d.60,144

5.)Mary Jones Net Pay for the fortnight is $:

a.63,856

b.95,000

c.84,856

d.6,150