Margins are calculated in the following way:

[EXAMPLE RATES CALCULATION]


WAGES

PAY RATE = $23.66

TOTAL PAY (pay rate + super) = $25.907

 

ON COSTS

WORKCOVER (calculated on the total pay) = $0.183685593

PAYROLL TAX (calculated on the total pay) = $1.23061575

PUBLIC LIABILITY (calculated on the pay rate) = $0.2366

 

TOTAL PAY + ON COSTS = $27.55860134

CHARGE OUT = $33.10

 

MARGIN= $5.541398657

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