Bea income vocab

Question 1

Wage

Answer 1

A type of way to pay people for how long they work or how much of a thing they make.

Question 2

salary

Answer 2

A salary is a way to pay people, but over a longer period you may get sick days and perks

Question 3

Perks

Answer 3

An advantage you get from your company is that it is given for free or for cheap.

Question 4

Commission

Answer 4

where you help someone sell something and you get a small percentage for the sale.

Question 5

rent

Answer 5

You pay rent to continue living on someone’s land and house.

Question 6

Interest

Answer 6

Money that you have to pay back and a small percentage of it because you have borrowed money.

Question 7

profit

Answer 7

Money that you make by buying and selling an asset

Question 8

Fees

Answer 8

Fees is a fixed charge for a specific product or service.

Question 9

dividend

Answer 9

a sum of money paid regularly to its shareholders from its profit.

Question 10

superannuation

Answer 10

Regular payments made into a fund by an employee towards a future pension.

Question 11

inheritance

Answer 11

When a family member dies, you get part of the deceased’s money.

Question 12

gambling

Answer 12

Play games for a chance to win money

Question 13

royalties,

Answer 13

When you use someone’s work for something money is played after a certain amount of views.

Question 14

Time

Answer 14

the indefinite continued progress of the existence. A finite resource.

Question 15

Hire fees

Answer 15

Fees which you pay to hire a thing

Question 16

admission fees

Answer 16

Fees you pay to be admitted to a place.

Question 17

piracy

Answer 17

When you reproduce an item illegally and without authorization.

Question 18

Endowment

Answer 18

provide with a quality, ability, or asset

Question 19

skills

Answer 19

ability to do something well.

Question 19

Opportunity

Answer 19

Time or set circumstances that make it possible to do something.