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2.7 The labour market

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Question 32

A worker earns £2,600 a month and receives a £300 bonus. Income tax is £320, National Insurance is £180 and pension contributions are £145. What is net pay?

[1]
A

£2,255

B

£2,355

C

£2,555

D

£2,900

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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