Loadings/Bonuses
Net/Gross Pay
Wages/Salaries
Royalities/Commission
Tax Table
100
What is a loading/bonus?
Is an extra payment that is given in addition to the normal wage
100
What is Net pay?
Net pay is the pay you take home, once all deductions and tax have been taken out
100
What is a wage?
Wage is a type of income that is based on an hourly rate of pay.
100
What is a Royality?
Is a payment given to a person who owns a copyright
100
45 000 - 120 000

What is Tax Bracket 3

200
What is the percentage given to everyone for annual leave (holiday pay)?
17.5%
200
What is Gross pay?
The pay amount before tax has been taken out?
200
What is a Salary
It is a yearly(annual) income that is given in equal weekly, fortnightly or monthly payments
200
What is a commission?
Commission is paid to the salespeople and is percentage of the goods they sell.
200
less than 18 200

What is Tax Bracket 1

300
Logan is paid $14.23/hr as an electrician, but when he goes into a mine he is given an extra $9.53/hr. How much is he paid per hour for working in a mine?
$23.76/hr
300
Holly is has a gross pay of $560, she has to pay $104 tax, private health insurance $25.85 and superannuation $35.80. How much is her net pay?
$394.35
300
Lachlan is paid $13.50/hr and works for 38hrs. How much will he be paid for the week?
$513
300
Nik is paid $1.50 for every time he sells his CD. In one year he sells 300 000 CD's, how much will he make?
$450000
300

160 000 is in this tax bracket 

What is Tax bracket 4

400
Bryce is paid $9.45/hr, but when working at heights he is paid an extra $2.05/hr. In one week he will work 14 hrs at heights. How much will he make?
$161
400
Jordan has a net pay of $456 and pays $123 tax. How much is her gross pay?
$569
400
Shanaya has a salary of $87240 p.a. How much is she paid fortnightly?
$3355
400
Kiara is pay 10% on all sales of her book. If She sells $67000 for the year, how much will she make?
$6700
500
Karri is paid $16.80/hr and works a 38hr week. She has decided to take one week of annual leave, how much will she get for that week? (Hint: work out her weekly pay, then add the extra to it)
$750.12
500
Malinda has a gross wage of $880 per week. Her deductions include $4.40 for union fees, $15.65 for superannuation and $5.34 for the social club. What is the total amount for her deductions?
$25.39
500
Rhiannon is paid $12.95/hr and works a 38hr week. How much would her annual pay be?
$25589.20
500
Damien is a Real Estate Agent. He is paid 4% commission on any house he sells. This week he sold a house for $350000, how much commission did he make?
$14000
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