Household Income

INCOME
1. INCOME REFERS TO ALL THE MONEY RECEIVED OVER A PERIOD OF TIME
  1. OVER SOME TIME
WAYS OF CALCULATING INCOME
1. TIME-RATE= MONEY RECEIVED FOR THE AMOUNT OF HOURS YOU DO
  1. PIECE-RATE= MONEY RECEIVED FOR THE AMOUNT OF WORK YOU DO
    1. OVERTIME= MONEY RECEIVED FOR WORKING MORE HOURS THEN THEIR NORMAL AMOUNT
      1. COMMISSION= GETTING A PERCENTAGE OF ITEMS SOLD
        BONUS= GETTING MORE MONEY FOR REACHING A CERTAIN TARGET
SOURCES OF HOUSEHOLD INCOME
1. WAGES AMD SALARIES: INCOME RECEIVED AS A REWARD FOR WORK.
2. PENSIONS:INCOME PAID TO THOSE HAVE RETIRED FROM WORK.
3. CHILD BENEFIT: A PAYMENT MADE TO PARENTS/ GUARDIANS OF CHIDREN
4. JOBSEEKER'S BENEFIT: A PAYMENT TO INDIVIDUALS WHO ARE UNABLE TO FIND EMPLOYMENT
5. WORKING FAMILY PAYMENT: A PAYMENT MADE TO HOUSEHOLDS WITH LOW LEVELS OF INCOME. A SUPPLEMENT IS A TOP UP PAYMENT
6. INTEREST ON SAVINGS: FINANCIAL INSTITUTIONS SUCH AS BANKS, BUILDING SOCIETIES, THE POST OFFICE AND CREDIT UNIONS REWARD THOSE WHO SAVE MONEY WITH THEM BY PAYING INTEREST ON THEIR SAVINGS
7. DIVIDENDS ON SHARES: A DIVIDEND IS THE PORTION OF COMPANY PROFITS PAID TO SHAREHOLDERS. ANYONE WHO BUYS SHARES OF A COMPANY IS CALLED A SHAREHOLDER. SHAREHOLERS ARE THE OWNERS OF A COMPANY AND MAY BE REWARDED FOR THEIR INVESTMENT BY RECEIVING A DIVIDEND

Zusammenfassung der Ressource

	Erstellt von Méabh Butterly vor etwa 5 Jahre