Income

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15 Terms

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Income

Money received by a person or household. Expect to recieve.

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Regular Income

Income received every week or month.

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Irregular Income

Income received now and again. Overtime, unexpected

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Wage RI

Payment received for work. Based on time rate or piece rate.

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Jobseekers Benefit RI

Social welfare received by unemployed people.

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Pension RI

Income received by people retired from work.

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Salary RI

Income received by employees regardless of hours worked. Yearly.

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Child Benefit RI

Monthly payment to parents of kids under 18 in full time education.

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Pocket money RI

Income received by kids from parents. For doing chores.

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Overtime II

Payment received for working extra hours.

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Bonus II

Extra payment if you achieve certain goals. E.g. Sell 10 cars in May.

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Dividend II

Income received of you have shares.

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Inheritance II

Money/valuable items left by will.

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Interest on Savings

Interest received from financial institution if you save with them. More saved more earned.

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Benefit In Kind

Non-money form of income. Salesperson=company car