©2009 – Not to be sold/Free to use Stage 5 Year 9 Consumer Arithmetic Holiday Loading Press Ctrl-A ©2009 – Not to be sold/Free to use

Holiday Loading (1/2) Since 1944 many Australian employees have been paid 17 1/2% of their gross pay for four weeks when they take their annual leave. End of Slide

Holiday Loading (2/2) Example: $75 000 p.a. 4 Weeks Pay = $75,000 ÷ 365.25 days x 28 days = $5 749.49 4 weeks pay  17.5%  Holiday Loading = 5,749.49 x 0.175 = $1006.16 4 weeks pay  Holiday Loading  Holiday Pay = 5 749.49 + 1006.16 = $6755.65 End of Show