Tax
What is Medicare Levy?
A fixed annual income.
What is a salary?
The expense for living in a house.
What is rent?
A survey of the entire population.
What is a census?
An amount calculated per hundred parts of a quantity.
What is percentage?
The amount of pay after tax is taken out.
What is net income?
An amount you earn per hour you work.
What is a wage?
When you calculate your expenses and compare these to your income to determine your savings.
When a survey leads respondents to a particular answer.
What is bias?
A term used for the average amount across a set of data.
The amount of pay before tax is taken out.
What is gross income?
A system of pay where you are paid for each 'piece' of work you complete.
What is piecework?
An expense that can change depending on the circumstance.
What is a variable expense?
A sampling technique where all members of a population have a fair chance of being selected.
What is random sampling?
When an amount goes down from it's original value.
What is decrease?
The amount of tax withheld by your employer each pay.
What is PAYG tax?
A system of payment based on a percentage of sales
What is commission?
An expense that generally stays the same over a long period.
What is a fixed expense.
A term that refers to the entire group of individuals that you are interested in for your survey.
What is a target population?
A term used to explain the amount between two quantities.
What is difference?
The amount of pay used to calculate your tax
What is taxable income?
A set amount that is paid each pay period on top of commission.
What is a retainer?
The unit that electricity is measured by on a bill.
What is a kilowatt (kWh)?
A term used when a survey question is unclear or hard to understand.
A type of graph that uses bars with no gaps between them.
What is a histogram?