Gr 11 Math Lit: Ch 3.1 Financial Documents

<p>Payslip</p> Signup and view all the answers

<p>Unit price and quantity</p> Signup and view all the answers

<p>Subtract the total deductions from the gross salary</p> Signup and view all the answers

<p>Gross salary includes additional income, while basic salary does not</p> Signup and view all the answers

<p>To provide a guideline of all the costs before purchase</p> Signup and view all the answers

<p>Gross Salary = Basic Salary + Additional Incomes</p> Signup and view all the answers

<p>Net Pay</p> Signup and view all the answers

<p>To provide proof of payment</p> Signup and view all the answers

<p>Taxable Income</p> Signup and view all the answers

<p>Total Deductions = Sum of All Deduction Values</p> Signup and view all the answers

<p>To provide a summary of costs after purchase</p> Signup and view all the answers

<p>To determine the amount of money that an employee will actually receive</p> Signup and view all the answers

<p>Calculate gross salary, determine total deductions, and then calculate net pay</p> Signup and view all the answers

<p>Invoice</p> Signup and view all the answers

<p>Gross salary is the amount of money left after total deductions are subtracted</p> Signup and view all the answers

<p>To determine the gross salary</p> Signup and view all the answers

<p>Creating a payslip</p> Signup and view all the answers

<p>To provide a guideline of costs for a customer</p> Signup and view all the answers

<p>Net Pay</p> Signup and view all the answers

<p>A quotation is an estimate, while an invoice is a bill</p> Signup and view all the answers

<p>Gross Salary</p> Signup and view all the answers

<p>To reduce the employee's gross salary</p> Signup and view all the answers

<p>The quantity is the number of items, and the unit price is the price of each individual item</p> Signup and view all the answers

<p>A receipt is a proof of payment, while an invoice is a bill</p> Signup and view all the answers

<p>Basic Salary</p> Signup and view all the answers

<p>To identify the total income sources of an employee</p> Signup and view all the answers

<p>The unit price is multiplied by the quantity to get the total cost</p> Signup and view all the answers

<p>To determine the gross salary</p> Signup and view all the answers

<p>A quotation is a summary of costs, while an invoice is a proof of payment</p> Signup and view all the answers

<p>To calculate the gross salary and net pay for an employee</p> Signup and view all the answers

<p>The gross salary is subtracted from the total deductions to get the net pay</p> Signup and view all the answers

<p>To determine the actual amount of money an employee will receive at the end of the month</p> Signup and view all the answers

<p>An invoice is a summary of costs, while a receipt is a proof of payment</p> Signup and view all the answers

<p>To identify the basic salary and additional incomes</p> Signup and view all the answers

<p>Payslip</p> Signup and view all the answers

<p>The unit price is multiplied by the quantity to get the total cost</p> Signup and view all the answers

<p>To determine the total deductions</p> Signup and view all the answers

<p>A quotation is an offer to provide goods or services, while an invoice is a request for payment</p> Signup and view all the answers

<p>A receipt is a proof of payment, while an invoice is a request for payment</p> Signup and view all the answers