Investment Property Insurance Australia – Important Things To Know


Betty asks…

I need some help with math questions about income and stuff 10 points?

Couldi have answersn or someone explain how to do these so i am sure my teacher explains it in a way that makes me zone out because he is so boring. Also i’m guessing that it’s different for tax around the world so i live in Australia incase this changes anything.

heres the questions
1.mona works as a sales assistant. She is paid a retainer of $300 plus commissionof 5% of the value of her sales. What is hr gross pay if she had sales of $6850 in one week?

2.jack sells real estate. He earns commission at the rate of 2% von the first $40 000, then 1.2% on the remainder. calculate the commission earned if he sold a property for $278 500.

3.ralph is paid $21.50 per1000 pamphlets delivered to local letterboxes. how much is earned if 5600 pamphlets were delivered?

4. Basilis paid $3.20 for every basket of fruit picked. in 8 hours he picked 37 baskets. how much did he earn per hour?

5.jazzie is paid $21.60 per hour for a 35-hour week. calculate her net income, if she has the following deductions from her gross pay:$158 for tax, $35.50 for private health insurance, $12.75 for union fees & medicare levy of 1.5%.

6. calculate angies taxable income from the following information. she had a gross income of $52 000 pa & recieved $364 in interest from her investments. her allowable tax deductions were, 3 uniforms costing $213 each, dry cleaning of $12.50 per week and 2147 km at 46c per km of travel for her job using her car.

7.wally is paid an annual salary of $40409 for a 38 hour week. frankie works a 40 hour week. what does frankies hourly rate of pay have to be in order to earn the same as wally?

answers:

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