Year 9 - Autumn 1

What is meant by 'pension provision'.

• Money you set aside for your holidays.

• Money you set aside to live off when you retire.

• Money you set aside in case of an emergency.

• Money set aside for trading stock.

What Government department deals with taxes?

• His Majesty's Revenue and Customs (HMRC)

• Cabinet Office

• Home Office

• Department for International Trade

My credit score tells me ...

• how I'm feeling today

• whether I should pay my bills on time

• whether I am good or bad at paying things on time.

• how much dealt I have only.

What is a salary?

• An amount that you decide and take from the employer without permission.

• An amount undecided and completely up to the employer.

• An amount based on an hourly rate and the hours worked.

• An agreed amount you get over the course of a year. You are paid monthly.

What is a wage?

• An amount of money paid based on the hourly rate and the hours worked. Can be paid daily or weekly.

• An amount of money paid over the course of the year. It is paid monthly.

• An amount that is paid from uncontracted hours.

• An amount that is paid when the employer decides it is appropriate to pay you.

How many hours must you work if you work full time?

• 16 to 34.9 hours

• 10 to 25 hours

• 25 to 34.9 hours

• 35 hours and above

What is meant by a zero hour contract?

• A contract where you don't have to work any hours.

• You decide when are where you work. You have complete control.

• The employer decided when you are needed and for how long.

• You work as few hours as possible.

What skills might you need to be on a zero hour contract?

• Organised, determined, motivated.

• Disorganised, uncommitted, demotivated.

Waiting to buy an item because you want to save up the money first is called ...

• Shortly gratification.

• Delayed gratification.

• Later gratification.

• Waited gratification

A payslip is ...

• A document showing what you have to do to get paid.

• A document that shows how much money you've got over the year.

• A document from your employer showing how much money you get after tax and other deductions.

• A document that shows how you need to conduct yourself as a member of staff.