Money

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  • Created by: Lucy1499
  • Created on: 03-05-16 18:40
Gross Pay
The total amount of pay you have earned BEFORE deductions.
1 of 10
Net Pay
Pay AFTER deductions like tax and National Insurance.
2 of 10
Compulsory Contributions
Income tax, National insurance
3 of 10
Voluntery Contributions
Superannuation (private pension), Trade Union etc.
4 of 10
Tax codes
P60 - Summary of pay and deductions P45 - Given by the employer when you leave the job. It shows pay and deductions.
5 of 10
Salary
Fixed amount which is paid regularly.
6 of 10
Commision
Wages based on percentage of sales/performance - seperate from your wage or salary.
7 of 10
Piece Work
Paid for each piece you make / produce
8 of 10
Fee
Fixed charge for a service.
9 of 10
Bonus
Sum of money in addition to salary/wage.
10 of 10

Other cards in this set

Card 2

Front

Pay AFTER deductions like tax and National Insurance.

Back

Net Pay

Card 3

Front

Income tax, National insurance

Back

Preview of the back of card 3

Card 4

Front

Superannuation (private pension), Trade Union etc.

Back

Preview of the back of card 4

Card 5

Front

P60 - Summary of pay and deductions P45 - Given by the employer when you leave the job. It shows pay and deductions.

Back

Preview of the back of card 5
View more cards

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