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You can earn an income: by working for someone else by working for yourself or your business from your assets through Government benefits and allowances. Earning money by working for someone else Types of income Explanation Wages If you earn a wage, you are being paid an hourly rate. Put simply, your wage is calculated based on the number of hours you worked in a given period…

For each of the questions below, identify which type of income they are earning (wages, salary, piece rates or commission) and calculate the answers to the questions. Use the table to answer questions 1, 2 and 3. Permanent Employee Hourly Rates Casual Employee Hourly Rates Classification Base hourly Rate Mon-Fri after 6pm & all day Saturday Sunday Public Holiday hourly rate…

Tiered pricing and percentage systems Businesses which involve sales (selling of products) may wish to add incentives/rewards for those sales agents and/or customers who sell or purchase more products. For example: A product supplier (i.e. seller) may decrease the price per unit/item for those customers who purchase more units. Companies with sales agents, such as Real Estate, Cars and Advertising, may want to treat their sales agents who…

Alex is a permanent retail employee, level 7. What is his: base hourly rate Sunday rate? When does the base hourly rate apply?   Solution: $17.11 $30.80 Mon-Fri before 6pm If Alex works a 35-hour week - from 9.00am-5.00pm with an hour for lunch (unpaid), Sunday to Thursday every week. How many hours does he work each day? How many hours does he work at the: base hourly rate Saturday rate Sunday rate…

What is the division of powers and how do law making powers matter when it comes to the services our governments provide? Levels of law making Australia has 3 levels of law making (also known as 3 levels of government): the Australian Government (or federal or national) state/territory governments local councils (also called shires or municipalities). All Australians have someone to represent them at each level of government. These…

Explore changes to Australian Government spending over a two-year period. Part A: Simple challenge About two-thirds of Australian Government tax revenue is spent on 4 main government functions: defence education health social security and welfare. Your challenge is to use data to answer the question: Of the 4 main government functions, which had the greatest percentage increase in expenditure between 2020 and 2022? Predict an answer to…

All 3 levels of government in Australia work together to provide Australians with the goods and services they need. Although some responsibilities of the 3 levels of government overlap, table 1 shows that each level provides different services to Australians. How is tax revenue spent? Table 1: Services provided by the 3 levels of government Australian Government State or territory governments Local councils…

Read the Taxes, services, and the division of powers – Explainer.Use the following words and phrases to write a brief statement about the role of different levels of government in providing the services needed by Australians.Begin with: All 3 levels of government in Australia work together to provide Australians with the goods and services they need.Words and phrasesdefencecurrencyimmigrationnational concernAustralian Governmentlocal…