Earning and Managing Money
Content
• Calculate payments from an annual salary.
• Calculate wages from an hourly rate.
• Calculate wages involving overtime rates and allowances.
• Calculate annual leave loading and bonuses.
• Calculate earnings based on commission, piecework and royalties.
• Identify allowable tax deductions for different scenarios.
• Calculate the taxable income.
• Calculate net pay after deductions are made from gross pay.
• Calculate the Medicare levy.
• Determine the PAYG tax payable or refund owing using current tax scales.
Earning and Managing Money Notes
Salary and Wages 1
|
Salary and Wages 2
|
Salary and Wages 3
|
Bonuses and Annual Leave Loading 1
|
Bonuses and Annual Leave Loading 2
|
Bonuses and Annual Leave Loading 3
|
Overtime and Special Allowances 1
|
Overtime and Special Allowances 2
|
Commision 1
|
Commission 2
|
Commission 3
|
Piecework and Royalties 1
|
Flashcards
StudyStack
|
Quizlet |