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business
income mind map
| Question | Answer |
|---|---|
| what is income | money coming in |
| what is regular income (in two terms) | reliable and repeated |
| what is irregular income (in two terms) | non reliable and not guaranteed |
| what is a salary | money you receive annually, monthly, weekly or every two weeks |
| what is a wage | money you receive based on how many hours you work |
| what is a bonus | money the company gets when they reach a target |
| what does BIK stand for | Benefit In Kind |
| list some examples of what you may receive in the BIK program | laptop, company car, mobile phone or a transport voucher |
| what is a Bonus/Perk | when you receive extra money for doing good in work |
| list four sources of income | lotto, interest, children's allowance or a pension |