| Salary |
900,000 |
900,000 |
900,000 |
| Company car |
94,990 |
94,990 |
94,990 |
| Personal income |
994,990 |
994,990 |
994,990 |
| |
|
|
|
| Capital gains (e.g. dividends, sale of shares) |
5,000 |
5,000 |
5,000 |
| Interest on bank deposit |
2,500 |
2,500 |
2,500 |
| Minimum deduction |
(94,750) |
(94,750) |
(94,750) |
| Interest expenses on mortgage and loss |
(40,000) |
(40,000) |
|
| Travelling costs to and from work (less NOK 22,000) |
(4,000) |
(4,000) |
|
| Standard 10% deduction |
|
|
(40,000) |
| Ordinary income (net income) |
863,740 |
863,740 |
867,740 |
| |
|
|
|
| Personal deduction |
(53,150) |
(78,300) |
(78,300) |
| |
|
|
|
| Bracket tax (0.93% of personal income in excess of NOK 164,100, 2.41% in excess of NOK 230,950, 11.52% in excess of NOK 580,650 and 14.52% in excess of NOK 934,050) |
58,610 |
58,610 |
58,610 |
| Social security (8.2% of personal income) |
81,589 |
81,589 |
81,589 |
| Income tax (24% of ordinary income less personal deduction) |
194,542 |
188,506 |
189,466 |
| Total tax and social security (includes tax on dividends, sale of shares, interests) |
334,740 |
328,704 |
329,664 |
| |
|
|
|
| Net cash income after taxes (does not include dividends, sale of shares, interests) |
565,260 |
571,296 |
570,336 |
| |
|
|
|
| Employer’s contribution to social security (14.1%) |
140,294 |
140,294 |
140,294 |