Income

Question

What is income?

Answer 1

Money you receive

Answer 2

Money you spend

Answer 3

Money income (cash)

Answer 4

non money income eg a company car

Answer 5

It is changeable income (it can differ)

Answer 6

It is income you are sure of receiving

Answer 7

income you are not sure you will receive.

Answer 8

fixed income, it never changes

Answer 9

additional income

Answer 10

A small weekly sum of money given to children as an allowance.

Answer 11

money received as a bonus

Answer 12

Is regular income for hours worked or number of goods produced.

Answer 13

Is regular income received for doing a job no matter how many hours you spend at it.

Answer 14

income that changes with the amount of hours spent at it

Answer 15

Money back from the government when too much tax has been paid.

Answer 16

money you have to pay to the government (statutory deductions)

Answer 17

Regular income received once a month from the government if you have children under the age of 16.

Answer 18

Regular income received from the government or a pension fund when you retire.

Answer 19

Regular income receive weekly from the government if you are unable to work.

Answer 20

Addition income received when you invest money in the bank.

Answer 21

Regular income received when you let out your house or a room in your house.

Answer 22

Regular income received from the government or a pension fund when you retire.

Answer 23

money paid to the government.

Answer 24

Addition income received when you invest money in the bank.

Answer 25

Additional income received from a relative or friend when they die.

Answer 26

Additional income calculated as a percentage of sales.

Answer 27

Additional income received when you have own part of a company and you receive a share of the profits.

Answer 28

Additional income received from a relative, friend or employer.

Answer 29

Additional income received when you have own part of a company and you receive a share of the profits.

Answer 30

Additional income given for reaching certain targets.

Answer 31

Additional income calculated as a percentage of sales.

Answer 32

Regular weekly payment for normal hours worked.

Answer 33

You have a choice if you want to take these out of your wages

Answer 34

Additional income given for reaching certain targets.

Answer 35

Additional payment for working over your normal hours.

Answer 36

Regular weekly payment for normal hours worked.

Answer 37

Basic pay + overtime after deductions

Answer 38

Additional payment for working over your normal hours.

Answer 39

Basic pay + overtime after deductions

Answer 40

Basic Wage + Overtime before deductions

Answer 41

Basic Wage + Overtime before deductions

Answer 42

wages after deductions (take home pay)

Answer 43

You do not have a choice these must be taken from your wages.

Answer 44

You have a choice if you want to take these out of your wages.

Answer 45

You do not have a choice these must be taken from your wages.

Answer 46

money made from investing in a bank (Interest)

Answer 47

Old Age Pension

Answer 48

Use of national roads

Answer 49

Education in schools

Answer 50

Use of a public ward in the hospital

Answer 51

Old Age Pension

Answer 52

Unemployment Benefit

Answer 53

Use of national roads

Answer 54

Maternity Benefit

Answer 55

Sickness Benefit

Answer 56

Education in schools

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Income

Description

Resource summary

Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7

Question 8

Question 9

Question 10

Question 11

Question 12

Question 13

Question 14

Question 15

Question 16

Question 17

Question 18

Question 19

Question 20

Question 21

Question 22

Question 23

Question 24

Question 25

Question 26

Question 27

Question 28

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	Created by Lauren Mcguane over 7 years ago