INTRODUCTION TO SALARY, WAGE, INCOME AND BENEFITS

DOLE

department of labor and employment

salary

fixed amount usually

associated with employee compensation

Income

is the total amount that people

earn

.Active Income

when you do the work and

are paid for that work. If you do nothing, you will

no longer be paid.

Passive income

payment is not

directly tied to active work.

Commission Income

payment for the commission on sales

Rental Income

– payment from rentals of properties and real

estates

Dividends

from investments and partnerships

Royalties

payments for authors, products sold or license

Business Income

profits from business

Interest

from a variety of loans from individuals or

companies

Capital Gains

from the sales of investments

Goods

such as crops, fish and other products