Financial Documents (Grade 11 NSC Matric Mathematical Literacy): Flashcards

Document showing employee earnings & deductions

Main salary amount, no extras or deductions

Total of all income sources for an employee

Amount received after deductions (Gross - Deductions)

Amounts taken from salary (medical aid, pension, taxes)

Quotation → Invoice → Receipt

Estimate of costs before deciding to buy

Proof that customer has already paid

$ext{Gross Salary} = ext{Basic Salary} + ext{Additional Income}$

$ext{Net Salary} = ext{Gross Salary} - ext{Total Deductions}$