COMPUTING DEDUCTIONS & NET PAY

Tutorial Worksheet

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1. John Brown earns a gross salary of $120,000 monthly. Assume that the income tax
threshold is $60,500.
Calculate: (i). Total Deductions
(ii) Net Salary

Use the Table to help you

DEDUCTIONS

Gross Pay $120,000

Less Pension Contribution(if applicable)

Less NIS

Statutory Income

Education Tax

(2.25% of statutory Income)

NHT (2% of Gross Pay )

Less Income Tax Threshold

Taxable Income

Income Tax

Net Pay
 2. Mary Lowe earns a gross salary of $240,000 monthly. Assume that the income tax
threshold is $70,000. She also contributes $2500 monthly to an approved pension fund.
Calculate: (i). Total Deductions
(ii) Net Salary

DEDUCTIONS

Gross Pay

Less Pension Contribution(if applicable)

Less NIS

Statutory Income

Education Tax

(2.25% of statutory Income)

NHT (2% of Gross Pay )

Less Income Tax Threshold

Taxable Income

Income Tax

Net Pay

3. Jame West earns a gross salary of $48,000 monthly. Assume that the income tax
threshold is $70,000. She also contributes $1000 monthly to an approved pension fund.
Calculate: (i). Total Deductions
(ii) Net Salary

DEDUCTIONS
Gross Pay

Less Pension Contribution(if applicable)

Less NIS

Statutory Income

Education Tax

(2.25% of statutory Income)

NHT (2% of Gross Pay )

Less Income Tax Threshold

Taxable Income

Income Tax

Net Pay

4. Tammy West earns a gross salary of $50,500 monthly. Assume that the income tax
threshold is $70,000. She also contributes $1000 monthly to an approved pension fund.
Calculate: (i). Total Deductions
(ii) Net Salary

DEDUCTIONS
Gross Pay

Less Pension Contribution(if applicable)

Less NIS

Statutory Income

Education Tax

(2.25% of statutory Income)

NHT (2% of Gross Pay )

Less Income Tax Threshold

Taxable Income

Income Tax

Net Pay