annual leave loading? (1 Viewer)

[Mono!]

can sum1 explain this to me plz and thank you

 

[Riviet]

Basically it's when you get paid a certain amount for going on holidays or elsewhere (annually, as the name suggests).

 

[Mono!]

thanx

 

[Forbidden.]

Without Wings, did you do General Maths ?

I must have forgotten that last year in Advanced Maths, hopefully it will come back in the 2U HSC Maths course ...

 

[Mono!]

Without Wings, did you do General Maths ?

I must have forgotten that last year in Advanced Maths, hopefully it will come back in the 2U HSC Maths course ...

yeh I do general I'm a 2U drop out

 

[SoulSearcher]

I don't think annual loading is part of the 2 unit course, I don't remember doing stuff like this last year.

 

[PC]

Holiday Loading is part of the Preliminary General Course. And everyone probably did it in Year 9 or Year 10 somewhere.

Tedious little thing to learn too.

And its always 17 1/2%! Surely things will change now with the new IR laws?

 

[Intelligence]

are you mono ..... as in Johno ... with one eyebrow

 

[clairejw]

When someone receives annual leave loading, is that all they receive or it that on top of their usual pay?

So using the example given, would Chris only get the $361.90 or would she get that on top of her usual $2068 (meaning she would get $2429.90 for the four weeks)?

 

[clairejw]

Good stuff...I think that's where I always stuffed up on those questions.

Thanks!

 

[UWANNAWHATNOW]

Most employees receive four weeks holiday, or annual leave each year. In some cases they receive an annual leave loading, which is a bonus calculated as a percentage of their holiday pay.

Example
Chris earns $26 884 p.a. She is paid a 17 1/2% holiday leave loading based on her four weeks holiday period each year. How much is this loading?

$26 884/52 = $517

So Chris earns $517 per week.

4x $517 = $2068

So Chris earns $2068 every 4 weeks.

Her leave loading is 17 1/2 % of 4 weeks pay.

17 1/2 % x $2068 = 17 1/2/100 x $2068
= $361. 90

So Chris recieves $361.90 annual leave loading.

Thanks GREAT HELP!!!