The amount of money worker will take home is €24752.6
<h3>What is gross pay?</h3>
Gross pay is the amount earned by any individual without any deductions of the taxes, and charges. It is the total amount of money earned by anyone.
Given that:-
- The gross pay of a worker in a factory is €30800.60 per annum. If €504 is deducted from his salary month.
The amount of money he will take home will be calculated as:-
Gross pay = €30800.60
Deductions = €504 per month = 504 x 12 = €6048 per year.
So net pay = 30800.6 - 6048 = €24752.6
Therefore the amount of money the worker will take home is €24752.6
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