| Salary |
900,000 |
| Company car |
94,990 |
| Personal income |
994,990 |
| |
|
| Capital gains (e.g. dividends, sale of shares) |
5,000 |
| Interest on bank deposit |
2,500 |
| 44% adjustment of income from shares |
2,200 |
| Minimum deduction |
(100,800) |
| Interest expenses on mortgage and loss |
(40,000) |
| Travelling costs to and from work (less NOK 22,700) |
(4,000) |
| Ordinary income (net income) |
859,890 |
| |
|
| Personal deduction |
(56,550) |
| |
|
| Bracket tax (1.90% of personal income in excess of NOK 174,500, 4.20% in excess of NOK 245,650, 13.20% in excess of NOK 617,500, and 16.20% in excess of NOK 964,800) |
67,704 |
| Social security (8.2% of personal income) |
81,589 |
| Income tax (22% of ordinary income less personal deduction) |
176,735 |
| Total tax and social security (includes tax on dividends, sale of shares, interests) |
326,028 |
| |
|
| Net cash income after taxes (does not include dividends, sale of shares, interests) |
573,972 |
| |
|
| Employer’s contribution to social security (14.1%) |
140,294 |