WEBVTT

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Is an extra day's work worth it? A family,
a fourth day, and what's left

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Meet Sam and Jess. Two kids in day care,
two incomes.

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Sam earns $70,000.

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Jess earns $49,920: three days a week at
$320 a day.

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Mia is 3 and Leo is 1. Both are in day
care three days a week.

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The fee is $13 an hour: $130 a day.

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Today they keep $99,037, after tax,
payments and child care.

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Jess's boss offers a fourth day at $40 an
hour. Is it worth it?

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On the payslip, $40 an hour. For the
family, the fourth day is worth $11 an
hour.

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Where does the rest go? Put it side by
side.

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The fourth day adds $16,640 of pay.

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Tax takes $5,242, and the Medicare levy
another $333.

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Family Tax Benefit stops: $3,942 gone.

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Child care costs $2,671 more.

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The family keeps $4,452 a year of the
extra $16,640: about 27 cents in each
dollar.

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Try it with your own numbers:
nim.exactify.com.au