Do now:
Question 1: A netball coach earns $45 per hour plus a $120 bonus if her team wins. Last week she coached for 8 hours and her team won 2 games. How much did she earn?
Question 3: A cricket equipment salesperson earns 7% commission on all sales. If they sold $2,400 worth of equipment this week, what was their commission?
Question 2: A dance instructor is paid $40 per private lesson taught. If she taught 23 lessons this week, how much did she earn?
Question 4: A swimming instructor earns $35 per hour plus 5% commission on pool membership sales. This week he worked 12 hours and sold $800 in memberships. What was his total pay?
Question 5: A basketball referee earns 4% commission on ticket sales plus $80 per game. If ticket sales were $15,000 and he refereed 3 games, what did he earn?
Question 7: A tennis coach earns $50 per lesson. If she wants to earn $1,200 this week, how many lessons must she teach?
Question 6: A golf equipment assembler is paid $12 per golf club assembled plus a $200 weekly bonus if they assemble more than 150 clubs. This week they assembled 165 clubs. What was their total pay?
Question 8: A gymnast’s coach earns 6% commission. If they earned $540 in commission this week, what was the value of their sales?
A rugby equipment salesperson earned $350 in commission at a rate of 5%. What was the total value of their sales?
A cheerleading coach wants to earn $480 in commission this month. If her commission rate is 8%, what value of merchandise must she sell?
A baseball equipment store pays 4.5% commission. If a salesperson earned $162 in commission, how much did they sell?
What is leave loading?
Extra money paid to employees when they take annual leave.
How much?
In Australia, most employees get 17.5% on top of their normal pay when on holidays.
Leave loading was introduced because:
Copy
Example: Sarah normally earns $800 per week. She’s taking 2 weeks of annual leave. How much will she receive?
Step 1: Calculate normal pay for the period 2 weeks × $800 = $1,600
Step 2: Apply annual leave loading 17.5% of $1,600 = 0.175 × $1,600 = $280
Step 3: Total leave pay
$1,600 + $280 = $1,880
Work these out - show your working
Question 1: Tom earns $950 per week and takes 1 week of annual leave. Calculate his total leave pay.
Question 3: Lisa earns $1,200 per week. How much leave loading will she receive for 3 weeks of holidays?
Question 2: A netball coach earns $750 per week. If she takes 4 weeks of annual leave, what is her total leave payment?
Question 4: James wants to receive $2,000 in total leave pay for a 2-week holiday. What must his weekly wage be?
Tax is money that individuals and businesses pay to the government.
Why do we pay tax?
Types of tax: Income tax, GST, stamp duty, council rates, etc.
Copy these definition:
Income tax tax on the money you earn from working.
Gross income: Total money earned before deductions.
Taxable income: Gross income minus allowable deductions.
Allowable deductions: Expenses you can subtract from your income.
The formula:
Taxable Income = Gross Income - Deductions
Tax deductions are work-related expenses you can subtract from your income.
Common deductions for workers:
Important: You need receipts and records!
Just listen
Common misconception: “It’s tax deductible, so it’s free!”
Reality: You still pay most of the cost.
Example: You buy $200 safety boots for work - Tax deduction: $200 - Tax saved (at 32.5% rate): $200 × 0.325 = $65 - You still paid: $200 - $65 = $135
Deductions reduce your tax, they don’t make things free!
Solve together
Example A: Priya earns $55,000 per year. She claims $2,800 in work-related deductions. What is her taxable income?
Example B: Marcus earns $48,000 per year. His deductions include $1,200 for tools, $400 for uniforms, and $350 for union fees. What is his taxable income?
Example C: Alex earns $62,000 per year but has no allowable deductions. What is their taxable income?
Australia uses progressive tax rates - you pay different rates on different portions of your income.
2024-25 Tax Brackets:
| $0 - $18,200 | 0% (tax-free threshold) |
| $18,201 - $45,000 | 19% |
| $45,001 - $135,000 | 32.5% |
| $135,001 – $190,000 | 37% |
| $190,001 and over | 45% |
Next lesson: We’ll learn how to calculate exactly how much tax someone pays!
Calculate the taxable income for each person
Question 1: Sam earns $52,000 and has $1,800 in deductions.
Question 3: Taylor earns $39,000 with deductions of $900 for tools and $650 for training courses.
Question 5: Casey earns $71,000 with no deductions.
Question 2: Jordan earns $45,500 and claims $2,200 for work expenses.
Question 4: Riley earns $58,000 and has deductions totalling $3,150.
Question 6: Morgan earns $41,000 and has $1,550 in work-related expenses.
Leave Loading: - 17.5% extra pay when taking annual leave in Australia - Compensates for missed overtime and penalty rates
Income Tax: - Paid on taxable income (gross income - deductions)
- Deductions reduce tax but don’t make things free - Australia has progressive tax brackets
Next lesson: Calculating actual tax amounts using the tax brackets!