WorksheetsEarning an Income
Total questions: 10
Worksheet time: 5mins
When you get a job, how do you get paid?
Money is deposited into a bank account
Cash
Cheque
Can be any of the above
What is tax?
Money taken from your pay to give to the government
Extra money you receive
Money earned from your bank account
None of the above
Deductions are amounts taken from your pay. These may include:
Superannuation (money set aside for your retirement)
Tax
Insurance
All of the above
The amount you receive every week before deductions are taken out is called:
Net pay
Gross Pay
Annual pay
Hourly rate
The amount you receive every week after deductions are taken out is called:
Net pay
Gross pay
Annual pay
Hourly rate
When you get a job you could be paid:
A wage (hourly rate + overtime)
A salary (annual rate)
Commission (an amount based on how much you sell)
Any of the above
Legally you must receive the following amount for any work you do:
At least $10 per hour
Free things
Overtime
The minimum hourly rate outlined in the Award
Which of the following jobs is likely to be paid more?
A trainee (studying a TAFE course)
A qualified tradesperson
A University trained employee
A retail worker (no qualifications)
A salary is:
A type of pay that is not taxed
A set amount you get paid each pay period regardless of the number of hours you worked
Hourly rate x number of hours + overtime
Bonus pay for doing a good job
Overtime is:
Extra money paid for working more than the minimum number of hours each week
A deduction for working back late
A deduction for not turning up to work on time
Extra money paid because the boss likes you
