A worker is considering two fixed-term contracts. To cover other commitments, the worker will accept a contract only if at least £900 remains from each fortnight's gross pay after the payroll deduction and travel pass have been paid. The payroll deduction is the stated percentage of gross pay.
Table 1: Pay and costs for the two contracts
| Detail | Botanical-garden guide | Conference-venue steward |
|---|---|---|
| Hourly wage | £13.75 | £15.00 |
| Paid hours in each fortnight | 80 | 72 |
| Payroll deduction | 14% | 10% |
| Fortnightly travel pass | £42 | £76 |
Using Table 1, which statement about the two contracts is correct?
Both contracts meet the worker's requirement
Only the conference-venue steward contract meets the requirement
Only the botanical-garden guide contract meets the requirement
Neither contract meets the worker's requirement
149 exam-style questions on AQA GCSE Economics 1.5 Competitive and concentrated markets, covering 1.5.1a The range of market structures, 1.5.1b Distinguishing between market structures, 1.5.2a Characteristics of a competitive market, 1.5.2b How producers operate in competitive markets, 1.5.2c The economic impact of competition, 1.5.3a Characteristics of a non-competitive market, 1.5.3b How producers operate in non-competitive markets, 1.5.3c Monopoly and oligopoly, 1.5.4a The labour market and wage determination, and 1.5.4b Gross and net pay. Each one has a worked solution and a mark scheme showing where the marks go.