Financial Mathematics Vocab

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Across
  1. 3. Once per week
  2. 4. money you receive from the government under special conditions i.e - JobSeeker payment
  3. 8. A fixed regular payment earned for work or services, typically paid on a daily or weekly basis and calculated on an hourly rate
  4. 9. An amount earned by an adviser, agent, salesperson, etc. for selling specific products (eg. house, car, tupperware). The commission is a percentage of what the customer pays for the product.
  5. 10. A regular payment made by the state to people of or above the official retirement age (whose income and assets fall below a particular amount) and to some widows/widowers and people with a disability or special need
  6. 11. A rate of pay equal to double the standard rate sometimes paid for working on weekends, holidays or outside normal working hours, pay is increased by 2x
  7. 13. This refers to an increased rate of pay typically reserved for hours worked overtime or those that exceed the 40-hour workweek. ... It simply means that in addition to the employee's standard hourly rate, they will get paid an additional one half of that rate for each hour worked, 1.5 times the usual rate of pay
  8. 16. An increased rate of pay for overtime or for work performed under abnormal conditions
  9. 17. A fixed regular payment, typically paid on a monthly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker
  10. 18. An employee taking annual leave is also
Down
  1. 1. Once per hour
  2. 2. The minimum amount that your employer must pay into your superannuation fund, at least 9.5% of your 'ordinary time' earnings into your super account.
  3. 5. Work paid for according to the amount produced, picked, delivered, packed, etc.
  4. 6. Once every 2 weeks
  5. 7. base rate of pay, usually 17.5% paid for 4 weeks
  6. 12. to this extra payment on top of
  7. 14. done, produced, or occurring once a month
  8. 15. Once per day