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v1 Financial Maths, STD2 F1 2007 HSC 3 MC

Dan is about to go on holidays for four weeks. His weekly salary is $375 and his holiday loading is 20% of four weeks pay.

What is Dan's total pay for the four weeks holiday?

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`C`

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`text(Salary)\ text{(4 weeks)}`	`= 4 xx 375`
	`= $1500`

`text(Holiday loading)`	`= 1500 xx 20%`
	`= $300`

`:.\ text(Total pay)`	`= 1500+300`
	`= $1800`

`=> C`

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) ---

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`$5762.20`

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`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?

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`D`

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

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

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

`=> D`