Test your knowledge

Income refers to money

(a)  

What are Sources of Income?

• Livelihood, Employment, Rent, Wages

• Rent, Wages Interest, Profit

• Interest, Profit, Earnings, Return

• Wages, Interest, Proceeds, Living

A wage is calculated by the

(a)  

Property owner may rent or lease buildings, land or space to others. In return,

(a)  

What is superannuation

• Money that invested by workers from an employer

• Money for travelling

• Money put away for retirement

• Money that is saved

Why does someone choose to work?

What is a Financial reason someone may work

• Use skills and abilities to help others

• Improve their standard of living

• Build a sense of purpuse

• Purchase material goods and services

The three different types of work include

(a)  

Full time work is

(a)  

Casual work is

• Work fewer hours than a
  full-time employee

  Entitlements are proportional

• Refers to people who work
  for themselves, running businesses

• Employed on an hourly
  or daily basis

  No regular hours of work

  No entitlements, but paid a higher rate