Number - Income tax

Gross vs Net Income

🎯 determine overall tax rate of a given salary using percentages.

✅ Post a comment with your description of what income tax is and why do we need taxes?

✅ Complete the Career quest survey to give you a list of possible careers based on your interests. (https://www.careers.govt.nz/tools/careerquest/)

✅ Choose a job and look up the Salary from the Trade Me salary guide at https://www.trademe.co.nz/c/jobs/product/salary-guide

✅ NZ has a progressive tax system. Check out this guide to see if you can figure out how it works (https://www.moneyhub.co.nz/paye-tax-rates.html#:~:text=There%20are%20five%20PAYE%20tax,on%20your%20total%20taxable%20income.) Then work out the total tax you would pay on your chosen income.

💪🏾 Calculate your overall tax rate (Net Income divided by Gross income)

💪🏾 Repeat the above steps for over jobs you are interested in .