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RE: Understanding Steem Economy, Its Currencies, and The Reward Distribution System!
Currently author rewards are not only credited in SP and SBD, but also in STEEM as the SBD print rate dropped to about 90% because of the recent drop of the STEEM price.
Also author rewards may be less than 75% because of beneficiaries (e.g. if you post on utopian.io or dmania.lol).
For a detailed description of the payout process, you may look at my recent post: https://steemit.com/utopian-io/@nafestw/estimate-author-payouts-with-steem-js
You can also refer to http://deepsteem.com for an accurate estimate of your author rewards.
Thanks for the update regarding beneficiary cuts from rewards. As I was focusing on Steemit only, the information was not included. However, is important and I will add it to the post to make it more valuable.