Income

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  • Created by: April
  • Created on: 29-06-12 14:45
  • Types of Income
    • Regular income > income that receives every week/ month
      • Pocket money
      • Wages (receive every week) & salaries (receive every month)
      • Commission (amount of sales a sale-person make)
      • Unemployment benefit/ assistance
      • Pension (people over 65 yrs. of age)
    • Additional income > extra income, receive occasionally
      • Overtime
      • Interest on savings
      • Christmas/ Summer bonus
    • Official perks/ Benefits in kind/ Fringe benefits > additional benefits given by the employer
      • Travelling expenses
      • Luncheon vouchers
      • Company car
      • Medical insurance
      • Social facilities
    • Unofficial perks > employer is either unaware of/ prepared to ignore
      • Paper

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