B. Charles has a basic working week of 40 hours, paid at the rate of 8 per
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B. Charles has a basic working week of 40 hours, paid at the rate of £8 per hour. For hours worked in excess of this he is paid 11 /2 times basic rate. In the week to 12 March 2012 he worked 45 hours. The first £70 per week is free of income tax, on the next £50 he pays tax at the 20 per cent rate and above that he pays at the 25 per cent rate. National Insurance amounted to £34. Calculate his net wages.
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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