Gross pay, deductions and net pay
Gross pay, deductions and net pay
Gross pay is the total pay before deductions. It may be calculated from an hourly rate and hours worked, or it may be given as an annual salary.
Step-by-step lessons on OCR GCSE Economics 2.7.4 Calculate gross and net pay. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.