Unit 11 personal economics

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  • Created by: KT62021
  • Created on: 30-04-16 20:28
Automatic transfer of funds between bank accounts e.g. employers to employees
BACS
1 of 6
a tax paid by workers which entitles the workers to qualify for benefits when needed e.g. jobs seekers allowence
NIC
2 of 6
a document provided by an employer on an annual basis showing total pay and deduction for the year
P60
3 of 6
a document provided by an employer when and employee leaves their job.
P45
4 of 6
deductions from pay that contributes to a pension
pension contribution
5 of 6
a country that trades with other countries
open economy
6 of 6

Other cards in this set

Card 2

Front

a tax paid by workers which entitles the workers to qualify for benefits when needed e.g. jobs seekers allowence

Back

NIC

Card 3

Front

a document provided by an employer on an annual basis showing total pay and deduction for the year

Back

Preview of the front of card 3

Card 4

Front

a document provided by an employer when and employee leaves their job.

Back

Preview of the front of card 4

Card 5

Front

deductions from pay that contributes to a pension

Back

Preview of the front of card 5
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