smc-4331-30-Leave loading

Financial Maths, STD2 F1 2016 HSC 26e

Jenny earns a yearly salary of $63 752. Her annual leave loading is 17.5% of four weeks pay.

Calculate her total pay for her four weeks of annual leave. (3 marks)

--- 6 WORK AREA LINES (style=lined) ---

Show Answers Only

`$5762.20`

Show Worked Solution

`text(4 weeks’ normal pay)`

`= 4/52 xx 63\ 752`

`= $4904`

`:.\ text(Annual leave pay)`

`= 4904(1 + 17.5/100)`

`= $5762.20`

Joe is about to go on holidays for four weeks. His weekly salary is $280 and his holiday loading is 17.5% of four weeks pay.

What is Joe’s total pay for the four weeks holiday?

Show Answers Only

`D`

Show Worked Solution

`text(Salary)\ text{(4 weeks)}`	`= 4 xx 280`
	`= $1120`

`text(Holiday loading)`	`= 1120 xx 17.5%`
	`= $196`

`:.\ text(Total pay)`	`= 1120 + 196`
	`= $1316`

`=> D`