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2.7 The labour market

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Question 2

The table shows items on a laboratory assistant's payslip for one month.

Payroll itemAmount
Basic pay£2,500
Overtime payment£150
Income tax£320
Employee National Insurance£120
Employee pension contribution£100

Calculate the laboratory assistant's net pay for the month.

[3]
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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