John is paid an hourly rate of $45 in his part time job and he works 5 hours per day, four days a week and 48 weeks in a financial year. Use the following tax table to answer rest of the question.

a) How much does John earn in a financial year?

b) How much tax in total does John pay on his income in a financial year?

c) What net weekly salary is he paid in a financial year?

Transcribed Image Text:

Sub division 1 2 3 4 5 Taxable income $0-$18,200 $18,201 - $37,000 $37,001 - $90,000 $90,001-$180,000 $180,001 and over (%) of tax payable Nil 19 32.5 37 45 Sub division 1 2 3 4 5 Taxable income $0-$18,200 $18,201 - $37,000 $37,001 - $90,000 $90,001-$180,000 $180,001 and over (%) of tax payable Nil 19 32.5 37 45

Answer rating: 100% (QA)

Solution a 45 he works 5 hours in a day he works 4 days in a week ... View the full answer