O-LevelAccountingThe fundamentals of accounting7707/12 · May/June 2012 · Q281 Mark

Anne works 40 hours and is paid $5 per hour. She pays income tax at 20%, national insurance at 10% and pension contributions at 5%. What is her gross pay?

A$130

B$140

C$160

D$200

✓ Correct answer

D: $200

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Topic: The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2012 Paper 1 Variant 2, question 28.

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