Income

A word to describe yearly.

• annual
• monthly
• half-yearly
• fornightly

Net income =

• gross income + deductions

• gross income - deductions

• taxable income + deductions

Who earnt the most?

• 5 hrs at $20/hr

• 4 hrs at $30/hr

• 2 hrs at $50/hr

How many fortnights in a year?

• 365
• 52
• 26
• 12

a fixed rate of pay for a week, month, or year is

• a tip

• a commission

• a salary

• a bonus

To convert a percentage to a decimal:

• Divide by 100

• Subtract 100

• Multiply by 100

To convert a decimal to a percentage:

• Divide by 100

• Add 100

• Multiply by 100

Profit =

• selling prince + cost price

• selling price + mark-up

• selling price − cost price

Who earnt the most?

• 12 hrs at $10/hr

• 5 hrs at $30/hr

• 2 hrs at $50/hr

Danielle earns 3% of all the sales she makes, this is an example of:

• an hourly rate

• an annual salary

• a commission