Calendar conversions
52
How many weeks in a year?
A plan for managing money.
What is a budget?
Extra money paid to an employee for performing well.
What is a bonus?
Money earned before tax and other deductions.
What is a gross income?
12
How many months in a year?
Good and Services Tax
What is GST?
Overtime pay that is calculated at 1.5 times the normal hourly rate.
What is time-and-a-half?
An extra 17.5%of 4 weeks' pay given during holiday time.
What is holiday loading?
26
How many fortnights in a year?
Money earned from work, property, investment or pension.
What is an income?
Money subtracted from earnings, such as tax or superannuation
What are deductions?
Income received after deductions; 'take-home' pay.
What is net income?
3
How many months in a quarter?
A fixed part of salespeople's earnings, not related tp the sales they make.
What is a retainer?
Overtime pay that is calculated at 2 times the normal hourly rate
What is double time?
Extra money for working beyond normal hours, such as at night or on weekends, at a higher rate of pay.
What is overtime?