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17 Cards in this Set
- Front
- Back
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Income |
Money received on a regular basis from work, business, property rentals or welfare payments. |
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Employer |
A person who hires employees. |
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Entrepreneur |
Someone who starts a business and is willing to take financial risks to build the business. |
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Budget |
A plan that lists expected income and expenditure over a given time, usually made with a view to control and make the best use of limited finance. |
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Expenditure |
money outlaid to procure goods or services |
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Salary |
Money received from work on a monthly basis but is often displayed as an annual sum. |
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Commission |
A fixed payment, typically a percentage of the value involved. |
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Welfare Payment |
Payment made by the government to people who are not employed, sick or with other needs. |
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Dividend |
Money paid regularly by a company to a shareholder out of profits. |
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PAYG Tax |
Pay as you go tax. |
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Primary Needs |
Needs that are essential for survival. Example: food and water. |
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Wants |
Things that make life more pleasurable. |
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Shares |
Units of ownership in a company.
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Service Fee |
A fee charged to cover services.
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Royalties |
A percentage of money received by selling a work of your own.
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Overtime |
Time worked in addition to expected work time
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Rent |
A regular payment to a landlord for the use of a property or land. |
