attracts a loading of \( 17 \frac{1}{2} \% \), find her holiday pay. 17 The holiday loading is \( 17 \frac{1}{2} \% \). Find the 4 weeks holiday pay for employees who earn the following: a a weekly wage of \( \$ 611 \) b a fortnightly wage of \( \$ 1054 \) c an hourly rate of \( \$ 28.45 \) for a 38 -hour week
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To calculate the holiday pay with a loading of \( 17 \frac{1}{2} \% \) (or \( 0.175 \)) for the specified wages, we'll first find the total holiday pay for each employee. For a weekly wage of \( \$ 611 \): Holiday Pay = Weekly Wage × 4 × (1 + Loading) = \( 611 × 4 × (1 + 0.175) = 611 × 4 × 1.175 = 2865.25 \) So, the 4 weeks holiday pay is \( \$ 2865.25 \). For a fortnightly wage of \( \$ 1054 \): First, calculate the weekly wage: \( 1054 / 2 = 527 \). Then, Holiday Pay = Weekly Wage × 4 × (1 + Loading) = \( 527 × 4 × 1.175 = 2479.80 \) Thus, the 4 weeks holiday pay is \( \$ 2479.80 \). For an hourly rate of \( \$ 28.45 \) for a 38-hour week: Weekly Wage = Hourly Rate × Hours = \( 28.45 × 38 = 1080.10 \). Now, Holiday Pay = Weekly Wage × 4 × (1 + Loading) = \( 1080.10 × 4 × 1.175 = 5060.84 \) Therefore, the 4 weeks holiday pay is \( \$ 5060.84 \). Overall, happy holiday planning! 🌴✨