Income
Teacher recommended
?- Created by: April
- Created on: 29-06-12 14:45
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- Types of Income
- Regular income > income that receives every week/ month
- Pocket money
- Wages (receive every week) & salaries (receive every month)
- Commission (amount of sales a sale-person make)
- Unemployment benefit/ assistance
- Pension (people over 65 yrs. of age)
- Additional income > extra income, receive occasionally
- Overtime
- Interest on savings
- Christmas/ Summer bonus
- Official perks/ Benefits in kind/ Fringe benefits > additional benefits given by the employer
- Travelling expenses
- Luncheon vouchers
- Company car
- Medical insurance
- Social facilities
- Unofficial perks > employer is either unaware of/ prepared to ignore
- Paper…
- Regular income > income that receives every week/ month
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