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Question - Kingsley Joseph is a van delivery driver .He has a wage of $400 per week, plus danger money of $3 per hour extra, spent in transporting chemical product. During the week ended 18 March 2019 he spent 25 hours taking chemical products from New Jersey to New York. The first $100 per week of his pay is free of income tax whilst on the next $75 he pays at a rate 20%, and at a rate of 25% on the remaining amount. He pays national insurance for the week of 25%. Calculate his net pay for the week.
Financial Statement Analysis and Preparation
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