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2.7 The labour market

2.7 The labour market

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Question 6

A worker earns gross monthly pay of £2,400. Income tax is £260, National Insurance is £130 and the worker contributes £90 to a pension. Calculate the worker's net monthly pay.

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Markscheme

2.7 The labour market Questions

  1. GCSE
  2. /Economics
  3. /2.7 The labour market

34 exam-style questions on OCR GCSE Economics 2.7 The labour market, covering 2.7.1 Role and operation of the labour market, 2.7.2 Determination of wages, 2.7.3 Explain gross and net pay, and 2.7.4 Calculate gross and net pay. Each one has a worked solution and a mark scheme showing where the marks go.

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