Money

What is the definition of national minimum wage (a)  

• the minimum that someone can be paid by an employe
• the maximum salary allowed by law
• a type of tax on income
• a bonus given to employees for performance

What is the definition of a real living wage ​ (a)  

• Wage that is enough to maintain a standard
• A wage that is below the poverty line
• A wage that is only paid to part-time workers
• A wage that is determined by the government only

What is the definition of income tax ​ (a)  

• Tax charged on personal income
• Tax on property sales
• Tax on corporate profits
• Tax on capital gains

What is a pay slip​ (a)  

• the document to show pay received and deductions
• a type of bank statement
• a receipt for groceries
• a ticket for a concert

What is the definition of income​ (a)  

• Money that you earn from work or by selling
• A type of tax
• A form of investment
• A government grant

What is a credit card used for?​ (a)  

• Short term borrowing paid back with interest
• Long term investment
• Gambling and lottery purchases
• Buying real estate

What is a pension?​ (a)  

• Income you receive when you are retired
• A type of investment strategy
• A government tax incentive
• A loan for purchasing a home

What is the definition of self employment?​ (a)  

• when you work for yourself rather than a company.
• working for a large corporation
• being unemployed and seeking jobs
• receiving a salary from a government agency

What is an entrepreneur? (a)  

• someone that goes into business that takes risks
• a person who works for a corporation
• someone who avoids taking risks
• a government official managing businesses

What is a budget? (a)  

• An estimation of income and expense over time
• A detailed report of past expenses
• A random guess of future spending
• A list of all possible financial investments