a) To estimate how much Andy earns per month, you divide his annual salary by the number of months in a year.
£24108 / 12 = £2009 per month
b) To estimate Andy's bonus, you calculate 9.7% of his annual salary and add it to the fixed bonus amount of £1017.
9.7% of £24108 = £2338.14
£1017 + £2338.14 = £3355.14
Andy's bonus is approximately £3355.14.
c) To estimate how much of Andy's salary he has left after making pension payments, you subtract the percentage he pays into the pension scheme from his regular salary.
10.14% of £24108 = £2445.59
£24108 - £2445.59 = £21662.41
Andy has approximately £21662.41 of his salary left after making pension payments each year.
Andy earns a salary of £24108 each year.
a) Estimate how much Andy earns per month.
b) Andy is hoping to get a bonus this year. The bonus is calculated as £1017 plus 9.7% of each worker's annual salary. Estimate the amount of Andy's bonus.
c) Andy pays 10.14% of his regular salary into a pension scheme. Estimate how much of his salary he has left per year after making his pension payments.
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