Economics Unit 11 Work

Full-time work

Part-time work

Temporary employment

Seasonal employment

Specialisation

Flexible working

Salary

Wage

Commission

Overtime payment

Shift work

Bankers' Automated Clearing Service (BACS)

Fringe benefits

Gross pay

Net pay

Income tax

Tax code

National Insurance Contribution (NIC)

Pension contribution

P45

P60

Derived demand

Minimum wage

Surplus of labour

Shortage of labour

Costs of unemployment to the individual

Motivation

Economically inactive

Expenses

Unemployment

Tax allowances

Jobseekers allowance

New deal