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2.7 The labour market

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Question 11

A costume maker's monthly payslip is incomplete. The available information is shown below.

Payslip entryAmount
Production hours paid84 hours
Hourly wage£19.25
Deadline payment£183.00
Income tax deducted£150.50
National Insurance deducted£60.20
Employee pension deduction5% of gross pay

What is the net pay that should be entered on the payslip?

[1]
A

£1,499.30

B

£1,679.30

C

£1,509.84

D

£1,445.30

Markscheme

2.7 The labour market Questions

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

80 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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