Financial Literacy

In Maths we are focusing on Financial Literacy. We looked into the different types of incomes that we can get, and what wages and salaries are. Wages are a type of income from doing work or a job, and it paid depending on how many hours are worked. For example, the wage is $20.40, so for every hour that is worked, they will get paid $20.40. A salary is a fixed pay; you're expected to work a set number of hours each day and you'll get paid for all of the hours that you've worked. Wages are more flexible whereas jobs that have a salary are followed like a schedule.