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 |