Salary & Wages, Annual Leave Loading, and Bonuses (HSC SSCE Mathematics Standard): Flashcards

Payment for year's work divided into equal instalments

Payment for week's work calculated on hourly basis

Per year

$52$ weeks

$26$ fortnights

Additional payment given to employees during annual holidays

$17.5\%$

Cover increased costs of holidays (travel, accommodation, etc.)

Extra payment earned as reward for achieving a goal or target

Divide annual salary by number of periods per year