Kosta recieves a gross pay of K26,655.11. His deduction are: tax of K350, superannuation of K76.20, and union fee of K10. What is his net pay?
To calculate Kosta's net pay, we need to subtract his deductions from his gross pay.
Gross pay: K26,655.11
Tax: K350
Superannuation: K76.20
Union fee: K10
Net pay = Gross pay - Tax - Superannuation - Union fee
Net pay = K26,655.11 - K350 - K76.20 - K10
Net pay = K26,218.91
Kosta's net pay is K26,218.91.
To find Kosta's net pay, we need to subtract his deductions from his gross pay.
Step 1: Subtract tax deduction from gross pay.
K26,655.11 - K350 = K26,305.11
Step 2: Subtract superannuation deduction from the result of step 1.
K26,305.11 - K76.20 = K26,228.91
Step 3: Subtract union fee deduction from the result of step 2.
K26,228.91 - K10 = K26,218.91
Therefore, Kosta's net pay is K26,218.91.