| Salary |
900,000 |
900,000 |
| Company car |
94,990 |
94,990 |
| Personal income |
994,990 |
994,990 |
| |
|
|
| Capital gains (e.g. dividends, sale of shares) |
5,000 |
5,000 |
| Interest on bank deposit |
2,500 |
2,500 |
| 33% adjustment of income from shares |
1,650 |
1,650 |
| Minimum deduction |
(97,610) |
(97,610) |
| Interest expenses on mortgage and loss |
(40,000) |
|
| Travelling costs to and from work (less NOK 22,350) |
(4,000) |
|
| Standard 10% deduction |
|
(40,000) |
| Ordinary income (net income) |
862,530 |
866,530 |
| |
|
|
| Personal deduction |
(54,750) |
(54,750) |
| |
|
|
| Bracket tax (1.40% of personal income in excess of NOK 169,000, 3.30% in excess of NOK 237,900, 12.40% in excess of NOK 598,050 and 15.40% in excess of NOK 962,050) |
63,058 |
63,058 |
| Social security (8.2% of personal income) |
81,589 |
81,589 |
| Income tax (23% of ordinary income less personal deduction) |
185,789 |
186,709 |
| Total tax and social security (includes tax on dividends, sale of shares, interests) |
330,436 |
331,356 |
| |
|
|
| Net cash income after taxes (does not include dividends, sale of shares, interests) |
569,564 |
568,644 |
| |
|
|
| Employer’s contribution to social security (14.1%) |
140,294 |
140,294 |