Show:
Getting Paid
Net/Gross Pay
Wages/Salaries
Royalities/Commission
Banking
100

When I multiply my hours times my hourly rate(up to 40 hours), I get this.

What is gross pay?

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

The card used to make everyday purchases

What is a debit card?

200

What is net 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

Account used very seldom

What is a Savings Account?

300

This tells me how much I have made this year since January 1st.

What is YTD or Year To Date?

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

An account used on a daily basis with little to no fees

What is a student chequing account?

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? (Meaning every two weeks or Bi-Weekly)

$3355.38

400
Kiara is pay 10% on all sales of her book. If She sells $67000 for the year, how much will she make?
$6700
400

A member run institution

What is a credit Union?

500

This is when I don't work for an hourly wage but rather a percentage of what I sell.

What is commission?

500

A job you are considering offers these benefits: paid vacations, $2,230; paid holidays, $2,450; paid pension, $4,058.60; paid health insurance, 428.90. what are the total benefits of the job?

$9,167.50 

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
500

An understanding of how money works

What is Financial Literacy?