I'm stuck on a maths question re: budgeting. Can u help me?

Question

**All taxpayers have to pay 1.4% Medicare Levy. Calculate how much each of the following earners will pay:

a) Leia who works in a Chemist earns $32000 per annum.
(how do i work out this question?)(the answer is $488)

b)Caitlin earns $48000 a year and pays $10.80 a week for private health cover. Calculate her total health care costs for the year and the percetage this is of her annual income.(The answer : $1233.60, 2.6%)

Answer 1

a) 32000 * .014= 488

I got a different answer to this:
b)
10.80*52=561.60
561.60/48000=
.0117=1.17%

Its not the answer given. But i hope it helps you.

Answer 2

The first problem is solved by a simple multiplication. Note that 1.4% can also be represented as .014 so take that times $32000 to get $448.
The second problem requires that $10.80 per week be multiplied by 52 (weeks in a year) to get the total annual payment for the private insurance; this amounts to $561.60. But the medicare levy comes in addition to this, so multiply .014 times 48000 to get the levy cost: it is $672.00. Adding these two cost items together gives $1233.60. To determine the percentage, take $1233.60/$48000, giving .026 or 2.6%.

Answer 3

a) 32000 x .014=448 Multiply the Medicare Levy rate by the annual income.

b) 48000 x .014=672 Medicare x income
10.80 x 52=561.60 Weekly payments times 52 weeks
672+561.60=1233.60 Added together
1233.60/48000=.0257 or 2.6% (rounded up) Payments divided by income.

Answer 4

if the levy applies to the income it should be $448 and not 488 because it should be 1.4% x 32000 = 448.
as regards the 2nd question, there are 52 weeks in a year, at 10.80 a week that translates to 52 x 10.80 =561.60 and then 561.60 divided by 48,000 = 1.17% of her annual income.

Answer 5

1.4% = .014 as a multiplier

a) 32000 x .014 = 448

b) 48000 x .014 = 672.00 ----> This is medicare
10.80 x 52 = 561.60 ------>This is 52 weeks x $10.80/wk
total = 1233.60 ----> Add the two together 672+561.60

Answer 6

1.4% = .014 as a multiplier

a) 32000 x .014 = 448

b) 48000 x .014 = 672.00 ----> This is medicare
10.80 x 52 = 561.60 ------>This is 52 weeks x $10.80/wk
total = 1233.60 ----> Add the two together 672+561.60