Financial Mathematics

7. Occurring twice a month.
9. The amount of pay before any deductions such as income tax are subtracted.
10. Money earned from working, investments or doing business.
15. Amount after allowable deductions are subtracted from the gross pay.
16. The system by which a government collects money from citizens to support the government and fund services such as education, health and defence.
17. A payment calculated as a fixed percentage of the normal pay over a fixed number of weeks. It is usually paid at the beginning of the annual holidays to meet the increased expenses of a holiday.
19. A payment of small sums of money at regular intervals over a period of time.
22. A time period of 14 days(2 weeks).
23. This payment is usually a percentage of the value of the goods sold.

1. Number or ratio expressed as a fraction of 100.
2. The worker is paid a fixed amount for each piece of work completed.
3. This is time worked in excess of a standard day or week.
4. additional charge to support Australia’s universal health care system.
5. Interest earned on the principal investment The action or process of investing money for profit.
6. Usually paid weekly to a permanent employee and based on an hourly rate, for an agreed number of hours per week.
8. To reduce the price of goods sold.
11. Occuring once every three months.
12. Per year.
13. The amount remaining after deductions have been subtracted.
14. This is money, or an equivalent, given in addition to an employee's usual income.
18. Earning interest on interest
20. A fixed amount is paid for the year's work even though it may be paid weekly or fortnightly.
21. The gain when a good is sold for a higher price than its cost price.