Financial Mathematics Vocab

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Across
  1. 2. An amount earned by an adviser, agent, salesperson, etc. for selling specific products (eg. house, car, tupperware). It is a percentage of what the customer pays for the product.
  2. 5. Occurring once per hour.
  3. 8. 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.
  4. 9. Money you receive from the government under special conditions i.e - JobSeeker payment.
  5. 10. 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.
  6. 11. Work paid for according to the amount produced, picked, delivered, packed, etc.
  7. 12. 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.
  8. 14. An increased rate of pay for overtime or for work performed under abnormal conditions, eg. weekends or public holidays.
  9. 16. A sum paid for the use of a patent or to an author or composer for each copy of a book sold or for each public performance of a work.
  10. 17. Done, produced, or occurring once a month.
Down
  1. 1. 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.
  2. 3. The minimum amount that your employer must pay into your superannuation fund, at least 9.5% of your ordinary earnings.
  3. 4. Occurring once per week.
  4. 6. An employee taking annual leave is also entitled to this extra payment on top of their base rate of pay, usually 17.5% paid for 4 weeks.
  5. 7. A fixed regular payment earned for work or services, typically paid on a daily or weekly basis and calculated on an hourly rate.
  6. 13. Occurring once every 2 weeks.
  7. 15. Occurring once per day.