Business-Income

Question 1

incum

Answer 1

Is when a person recieves onay or into a houshold

Question 2

Employees

Answer 2

Are people who work for empolyers in retur for a payment

Question 3

Empolyers

Answer 3

Is someone who pays somebody to work for them

Question 4

Wage salary

Answer 4

income recieced from work

Question 5

Pension

Answer 5

Income paid to people who have retired

Question 6

Child benefit

Answer 6

A payment made to pRENTS OF CHILDREN

Question 7

Jobseeker benefit

Answer 7

A payment to people who are unale to find employment

Question 8

Working Family payment

Answer 8

A payment availble for workers with children it gives extra finacial support to people on low pay

Question 9

Income form grants

Answer 9

A sum of money paid to someone for a specific purpose

Question 10

Intrest on savings

Answer 10

Banks rewards those who save money with them by paying intrest on their savings

Question 11

Dividends on sharea

Answer 11

Is the prtion of company profits paid to shareholders

Question 12

Windfall income

Answer 12

ncome you didnt expect ex Winning lottery

Question 13

Salary

Answer 13

Is a fixedf annual paymeny made to an employee no matter how many hours they work

Question 14

Wage

Answer 14

Is a payment recieved for work done calculated on thr basis of actual work completed or on the amount of time spent

Question 15

Time rate

Answer 15

Wage calculatiion based on the number of hours worked

Question 16

Overtime payments

Answer 16

When employee works longer than the standard working week

Question 17

Piece rate

Answer 17

Based on the number of items comepleted

Question 18

Commsission

Answer 18

Recieve a payment based on the value of goods or services the sold
ex 10% commision on each car sold.

Question 19

Bonus payment

Answer 19

Some employers reward their staff with extra payment for meeting performance or deadlines

Question 20

Baic pay

Answer 20

The amount earned before any extra payments

Question 21

Gross pay

Answer 21

total pay before any deduction

Question 22

net pay

Answer 22

amount of pay after deductions

Question 23

Disposable income

Answer 23

The reamining income after all income taxes and statuor payment have been made

Question 24

Discretionary income

Answer 24

Income left over after taxes and essential spendin on items such as mortage rentt food bills