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How can gross pay be calculated when an hourly wage and hours worked are given?
A
Pension qualifying earnings start at £6,240.
B
£6,068.40 (£3,486 + £1,394.40 + £1,188).
C
£23,931.60.
D
Gross pay = hourly wage × hours worked.
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2.7.4 Calculate gross and net pay Flashcards
20 flashcards on OCR GCSE Economics 2.7.4 Calculate gross and net pay: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.