WorksheetsIncome Tax
Total questions: 10
Worksheet time: 5mins
When you are paid based on the hours/work completed.
Wages
Salary
When you are paid a fixed amount regardless on hours/work completed
Wages
Salary
Money earned before deductions
Net Pay
Gross Pay
Net Tax
Gross Tax
Tax before tax credits are removed
Net Pay
Gross Pay
Net Tax
Gross Tax
Take home pay
Net Pay
Gross Pay
Net Tax
Gross Tax
Tax payable
Net Pay
Gross Pay
Net Tax
Gross Tax
How do you calculate rate of tax?
Gross Income - Net Tax
Gross Tax - Tax Credits
(Gross Income) x (Rate of Tax)
Gross Tax ÷ Gross Income
How do you calculate Net Income (Take Home Pay)?
Gross Income - Net Tax
Gross Tax - Tax Credits
(Gross Income x (Rate of Tax)
Gross Tax ÷ Gross Income
How do you calculate Gross Tax?
Gross Income - Net Tax
Gross Tax - Tax Credits
(Gross Income) x (Rate of Tax)
Gross Tax ÷ Gross Income
How do you calculate Net Tax?
Gross Income - Net Tax
Gross Tax - Tax Credits
(Gross Income) x (Rate of Tax)
Gross Tax ÷ Gross Income
