Work is - human labour – whether paid or unpaid, voluntary or involuntary., Income is - earned from many sources, including wages and salaries from full or part-time work, casual work and odd jobs; superannuation; commission; self-employment; rental income; welfare benefits; and return on investments such as dividends paid on shares., Budget is - an estimate of income and expenditure for a set period of time, Tax is - a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions., Personal savings are - the money one has saved, especially through a bank or official scheme., Investment is - the action or process of investing money for profit, Spending is - money or financial resources expended by a person, group, or government, An expense is - the cost incurred in or required for something, Interest is - money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt., Financial responsibility is - managing your money wisely to satisfy your needs and wants. It, Salary - a fixed regular payment, typically paid on a monthly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker, Commission - is a percentage paid by the employer to employees on sales made.,
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Personal finance
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ni
Tstee65
Year 10
Economics and Business
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