Task 3 - Wages

a) The following calculations are required in relation to Leonardo’s wages. Perform the calculations and enter your response in the adjacent space in the table.

QUESTIONS

a) Leonardo is required to work a 38 hour week, over 5 days. How many hours and minutes does this equate to each day?

b) Write your answer from the above calculation in decimal format.

c) The barista worked 120 minutes overtime (rate @ time and a half). His normal hourly rate is $26.10. Calculate his overtime gross pay.

d) Calculate Leonardo’s gross pay for the week:

b) Use the internet to access the Weekly PAYG Tax withheld for individual calculator on the Australian Tax Office website (www.ato.gov.au) to calculate how much tax should be withheld from Leonardo’s wages this week. (Accept  all defaults for the TFN declaration.) Save this as a screenshot with the name ATO calculator and upload with your assessment.

c) Complete Leonardo’s statement of net pay below:

Gross pay $

Less PAYG Withheld $

Equals Net Pay $