Forms of Income

What is a WAGE?

• money paid by an employer to an employee for a period of work
• money paid by an employer to an employee for working more than eight hours a day
• money paid by an employer to an employee on a yearly basis
• money paid by an employer to an employee based on commission

What is a SALARY?

• money paid by an employer to an employee for a period of work
• money paid by an employer to an employee for working more than eight hours a day
• money paid by an employer to an employee on a yearly basis
• money paid by an employer to an employee based on commission

What is a FEE?

• A set fee that is charged by a professional for the completion of a job or task
• a payment made to those who act as an agent, or go-between, between buyers and sellers.
• payments made to the government to fund social security payments in later life
• A fee paid to employees when they work for more than eight hours in a day

What is a COMMISSION?

• the money paid by the government to make sure all Australians have enough money for the basic necessities of life

• Payment made to those who act as an agent, or go-between, between buyers and sellers

• money paid by an employer to an employee on a yearly basis

• money paid by an employer to an employee for a period of work

What is PROFIT?

• Payment made to those who act as an agent, or go-between, between buyers and sellers
• A fee paid to employees when they work for more than eight hours in a day
• money paid by an employer to an employee based on commission
• the money left over after a business' expenses are paid

What is SOCIAL SECURITY?

• the money paid by the government to make sure all Australians have enough for the basic necessities of life

• the money left over after a business' expenses are paid

• A fee paid to employees when they work for more than eight hours in a day

• money paid by an employer to an employee on a yearly basis

What is INTEREST

• extra money a bank pays you for using the money you put in your bank account
• the money left over after a business' expenses are paid
• Payment made to those who act as an agent, or go-between, between buyers and sellers
• money paid by an employer to an employee for working more than eight hours a day

What is DIVIDENDS?

• A fee paid to employees when they work for more than eight hours in a day
• money paid by an employer to an employee for a period of work
• the money a shareholder gets when a company he holds shares in makes a profit
• the money left over after a business' expenses are paid

What is RENT?

• Payment made to those who act as an agent, or go-between, between buyers and sellers
• money paid by an employer to an employee on a yearly basis
• the money paid for using someone else's property
• money paid by an employer to an employee for a period of work

What are ROYALTIES

• A fee paid to employees when they work for more than eight hours in a day

• the money paid by the government to make sure all Australians have enough for the basic necessities of life

• money paid by an employer to an employee for working more than eight hours a day

• the money paid to a person who produces a piece of copyrighted work