Tax Terms

5. an amount paid to an employee based on how much they sell
6. work paid for according to the amount of tasks or amount of work produced/completed
7. time worked in addition to one's normal working hours
8. is the amount of pay remaining for issuance to an employee after deductions have been taken from the individual's gross pay
10. is any item or expenditure subtracted from gross income to reduce the amount of income subject to income tax
13. a rate of pay equal to double the standard rate, sometimes paid for working on holidays or outside normal working hours
15. is an base amount of pay an individual receives before piecework or commission is added to it
16. is the amount of income used to calculate how much tax an individual or a company owes to the government in a given financial year
17. An amount of pay, wages, salary, or other compensation before deductions

1. tax levied directly on taxable income
2. the time from the 1 July 2017 and ending 30 June 2018 is called a _________ ____
3. a fixed regular payment earned for work or services, typically paid on a daily or weekly basis
4. what you pay for retirement, as pension
9. The 17.5% addition to an employee's base rate of pay whenever they take annual leave (for four weeks)
11. is a reduction of income that is able to be taxed and is commonly a result of expenses
12. a form of payment from an employer to an employee each year
14. a sum of money added to a person's wages as a reward for good performance
18. is a system for making regular payments towards your expected annual income tax liability