Subjects finance

Net Pay

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Net Pay


1. **State the problem:** Calculate Maru's net pay every payday given a weekly salary of 10000, mandatory contributions of 500, and non-taxable benefits of 1000. 2. **Understand the components:** - Weekly salary (gross pay) = 10000 - Mandatory contributions (deductions) = 500 - Non-taxable benefits included in salary = 1000 3. **Formula for net pay:** $$\text{Net Pay} = \text{Gross Pay} - \text{Mandatory Contributions}$$ 4. **Important note:** Non-taxable benefits are part of the gross pay but do not affect deductions here since contributions are fixed. 5. **Calculate net pay:** $$\text{Net Pay} = 10000 - 500 = 9500$$ 6. **Interpretation:** Maru receives 9500 every payday after mandatory contributions are deducted. **Final answer:** Maru's net pay every payday is 9500.