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Income
Business Studies
Question | Answer |
---|---|
WHAT IS INCOME | INCOME IS MONEY WE RECEIVE. |
WHAT IS IRREGULAR INCOME. | IRREGULAR INCOME IS MONEY WE RECEIVE NOW AND AGAIN. EXAMPLE BIRTHDAY MONEY OR OVERTIME. |
WHAT DOES PRSI STAND FOR | PAY RESTRICTED SOCIAL INSURANCE. |
WHAT DOES PAYE MEAN | PAY AS YOU EARN |
WHAT IS OVERTIME | OVERTIME IS WORKING LONGER THAN OUR USUAL SHIFT FOR EXTRA MONEY $$$$$$ OVERTIME IS WORKING OVER OUR USUAL SHIFT TO EARN EXTRA MONEY. $$$$$$$ |
WHAT IS REGULAR INCOME. | REGULAR INCOME IS MONEY WE RECEIVE OFTEN |
GIVE TWO EXAMPLES OF REGULAR INCOME | THE DOLE WEEKLY/MONTHLY WAGES |
EXPLAIN GRANT | A PAYMENT MADE TO STUDENTS WHILE THEY ARE STUDYING IN COLLEGE. IT IS PAYED BY THE DEPARTMENT OF EDUCATION AND SKILLS |
EXPLAIN MINIMUM WAGES | MINIMUM WAGES IS MONEY MADE BY PEOPLE UNDER THE AGE OF EIGHTEEN EXAMPLE: 8.65 AN HOUR |
EXPLAIN BENEFIT IN KIND | BENEFIT IN KIND IS A NON CASH FORM OF INCOME. |
GIVE TWO EXAMPLES OF BENEFIT IN KIND | COMPANY CAR COMPANY COSTUME |
EXPLAIN GROSS PAY | GROSS PAY IS MONEY WE RECEIVE BEFORE THE DEDUCTIONS |
EXPLAIN NET PAY | NET PAY IS MONEY WE RECEIVE AFTER THE DEDUCTIONS |
WHAT IS CHILD BENEFIT | CHILD BENEFIT IS A PAYMENT MADE EVERY MONTH TO PARENTS OR GUARDIAN WHILE THEIR CHILDREN ARE STILL BEING EDUCATECD |
NAME TWO FORMS OF IRREGULAR INCOME | OVERTIME BIRTHDAY MONEY |