Wages (Grade 10 NSC Matric Accounting): Flashcards

Weekly payments to workers, typically in cash

Hourly rate × number of hours worked

40 hours

Hours worked beyond 40 hours per week

Higher than ordinary rate

Earnings for ordinary time hours (up to 40 hrs)

Total earnings before deductions

Basic wage + Overtime

Amount taken home after deductions removed

Gross wage - Deductions