MHB Calculating On-Costs: USD 10 Gross Salary

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Gross salary is stated as USD 10, but it is clarified that net salary should be 60% of gross, making net salary USD 6. On-costs are calculated as percentages of the net salary, resulting in specific dollar amounts for each category: flight (USD 0.18), transport (USD 0.30), medical (USD 0.18), accommodation (USD 1.32), and gratuity (USD 0.54). However, the total of these on-costs adds up to 42% of the net salary, which contradicts the initial claim of 40%. The discussion highlights the importance of correctly understanding gross versus net salary and accurately calculating on-costs.
gibbon85
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Hey,

Gross Salary is USD 10 (Gross salary is 60% of Net Salary)

Flight on-cost = 3% of Net salary
Transport on-cost - 5% of Net salary
Medical on-cost = 3% of Net Salary
Accommodation on-cost = 22% of Net Salary
Gratuity on-cost = 9% of Net Salary

(On-costs total 40% of Net Salary)

How do I calculate what the USD$ value is for each of the on-costs?

Thank you so much for help, and I'm sorry if this is an elementary question!
 
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gibbon85 said:
Hey,

Gross Salary is USD 10 (Gross salary is 60% of Net Salary)
Is this correct? I have never heard of "gross" being smaller than "net"!
Assuming you have those backward and "Net Salary is 60% of Gross Salary" then, with Gross Salary being $10, Net Salary is $6.

Flight on-cost = 3% of Net salary
3% of $6 is $0.18

Transport on-cost - 5% of Net salary
5% of $6 is $0.30

Medical on-cost = 3% of Net Salary
3% of $6 is $0.18 again.

Accommodation on-cost = 22% of Net Salary
22% of $6 is $1.32.

Gratuity on-cost = 9% of Net Salary
9% of $6 is $0.54.

(On-costs total 40% of Net Salary)
Then you have something wrong: 3%+ 5%+ 3%+ 22%+ 9%= 42%, not 40%.

How do I calculate what the USD$ value is for each of the on-costs?

Thank you so much for help, and I'm sorry if this is an elementary question!
 
Insights auto threads is broken atm, so I'm manually creating these for new Insight articles. In Dirac’s Principles of Quantum Mechanics published in 1930 he introduced a “convenient notation” he referred to as a “delta function” which he treated as a continuum analog to the discrete Kronecker delta. The Kronecker delta is simply the indexed components of the identity operator in matrix algebra Source: https://www.physicsforums.com/insights/what-exactly-is-diracs-delta-function/ by...

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