9 Business TFN and Payslips

What is a TFN?

• Tax File Number

• Number for working

Why should you make sure you are being paid correctly?

• Because your employer might be ripping you off.

• Your employer has made a mistake.

• You should be getting paid what you are worth

• All of these

ATO stands for:

• Australian Tertiary Organisations
• Australian Tax Office
• Automatic Trade Off
• Automatic Teller Office

The most secure form of employment is

• casual employment

• permanent employment

• fixed term employment

Why does a casual employee have a higher hourly rate?

• They don't get sick leave or annual leave

• They work less hours

What is a payslip?

• A document that details your hours worked, payrate, any allowances, superannuation and tax.

• A slip given to you by your employer.

What is Net Pay?

• Your pay minus deductions like income tax.

• Hours worked multiplied by your pay rate.

Rate of Pay= $5.00
Hours= 9
What is the gross pay? 

• $47.00
• $54.00
• $45.00
• $4.50

The total amount you earn BEFORE any deductions are subtracted is called __________ pay.

• Bonus
• Gross
• Incentive
• Net

Super is....

• Money put aside by your employer for your retirement

• Extra money that you get paid