20407716
Description
Mind Map by Méabh Butterly, updated more than 1 year ago
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Created by Méabh Butterly
over 4 years ago
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Household Income
- INCOME
- INCOME REFERS TO ALL THE MONEY RECEIVED OVER A PERIOD OF TIME
- OVER
SOME
TIME
- OVER
SOME
TIME
- INCOME REFERS TO ALL THE MONEY RECEIVED OVER A PERIOD OF TIME
- WAYS OF CALCULATING INCOME
- TIME-RATE= MONEY RECEIVED FOR THE AMOUNT OF HOURS YOU DO
- PIECE-RATE= MONEY RECEIVED FOR THE AMOUNT OF WORK YOU DO
- OVERTIME= MONEY RECEIVED FOR WORKING MORE HOURS THEN THEIR NORMAL AMOUNT
- COMMISSION= GETTING A PERCENTAGE OF ITEMS SOLD
- BONUS= GETTING MORE MONEY FOR REACHING A CERTAIN TARGET
- BONUS= GETTING MORE MONEY FOR REACHING A CERTAIN TARGET
- COMMISSION= GETTING A PERCENTAGE OF ITEMS SOLD
- OVERTIME= MONEY RECEIVED FOR WORKING MORE HOURS THEN THEIR NORMAL AMOUNT
- PIECE-RATE= MONEY RECEIVED FOR THE AMOUNT OF WORK YOU DO
- TIME-RATE= MONEY RECEIVED FOR THE AMOUNT OF HOURS YOU DO
- SOURCES OF HOUSEHOLD INCOME
- WAGES AMD SALARIES: INCOME RECEIVED AS A REWARD FOR WORK.
- PENSIONS:INCOME PAID TO THOSE HAVE RETIRED FROM WORK.
- CHILD BENEFIT: A PAYMENT MADE TO PARENTS/ GUARDIANS OF CHIDREN
- JOBSEEKER'S BENEFIT: A PAYMENT TO INDIVIDUALS WHO ARE UNABLE TO FIND EMPLOYMENT
- WORKING FAMILY PAYMENT: A PAYMENT MADE TO HOUSEHOLDS WITH LOW LEVELS OF INCOME. A SUPPLEMENT IS A TOP UP PAYMENT
- INTEREST ON SAVINGS: FINANCIAL INSTITUTIONS SUCH AS BANKS, BUILDING SOCIETIES, THE POST OFFICE AND CREDIT UNIONS REWARD THOSE WHO SAVE MONEY WITH THEM BY PAYING INTEREST ON THEIR SAVINGS
- DIVIDENDS ON SHARES: A DIVIDEND IS THE PORTION OF COMPANY PROFITS PAID TO SHAREHOLDERS. ANYONE WHO BUYS SHARES OF A COMPANY IS CALLED A SHAREHOLDER. SHAREHOLERS ARE THE OWNERS OF A COMPANY AND MAY BE REWARDED FOR THEIR INVESTMENT BY RECEIVING A DIVIDEND
- WAGES AMD SALARIES: INCOME RECEIVED AS A REWARD FOR WORK.
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