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Maths Formulas > SST Finance > Flashcards

SST Finance Flashcards

1
Q

Wages

A
  • weekly payment for labour or service.
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2
Q

Salary

A
  • A monthly or yearly payment (P.A = Per Annum)
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3
Q

Overtime

A
  • additional time worked to standard hours.
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4
Q

Commission

A
  • A percentage of sales. A retainer (fixed weekly income) is also provided.
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5
Q

Piecework

A
  • work paid for regarding the amount produced.
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6
Q

Bonus

A
  • Compensation above and the normal payment expectations.
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7
Q

Royalties

A
  • Payments that purchase the rights to use/make changes to someone else’s
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8
Q

Holiday loading/leave

A
  • payment to an employee when annual or holiday leave is taken.
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9
Q

How many weeks in a year?

A
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10
Q

How many days in a year?

A
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11
Q

How many fortnights in a year?

A
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12
Q
A
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Maths Formulas (3 decks)

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