Wages and Salaries

Overtime

Commission and Piecework

Leave Loading

Taxation

100

The amount of money an employee is paid per hour.

What is a wage?

100

The normal pay rate plus another half of the pay rate.

What is time-and-a-half?

100

A low wage that supplements earnings from commission.

What is a retainer?

100

The rate of leave loading.

What is 17.5%?

100

The government organisation responsible for the collection of tax.

What is the Australian Taxation Office?

(ATO)

200

The total amount an employee earns per year.

What is a salary?

200

The rate of pay received if the rate is twice the normal rate.

What is double time?

200

A fixed amount for each item produced or task completed.

What is piecework?

200

The time period, generally for 4 weeks, during which leave loading is generally applied.

What is annual leave?

200

The period of time by which all tax is calculated.

What is a financial year?

300

The document that outlines minimum pay and working conditions.

What is an award?

300

The total pay if an employee works for 2 hours of triple time at $17/hr.

What is $102?

300

The source of pay that varies for a car salesman.

What is commission?

300

4 weeks of normal pay plus leave loading.

What is holiday pay?

300

Gross income - allowable deductions.

What is taxable income?

400

A weekly salary of $879 earns this much per year.

What is $45708?

400

The total pay if Casey works for 8 hours at normal pay, 1 hour at time-and-a-half, and 2 hours at double time, with a pay rate of $33/hr.

What is $445.50?

400

The system by which tax is paid from every payslip.

What is PAYG tax?

500

There are 4 weeks in a month.

What is the incorrect way to calculate monthly pay?

500

The pay rate when an employee works for 6 hours at double time and earns $288.

What is $24/hr?

500

The difference between the sum of PAYG tax and the actual tax payable, calculated every financial year using a tax return.

What is a tax refund/liability?

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