Personal Income and Expenditure (Grade 10 NSC Matric Mathematical Literacy): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Personal income
Personal income
Money received or that comes into your possession
Personal expenditure
Personal expenditure
Money spent on various needs and wants
Salary
Salary
Fixed payment from employer, usually monthly or yearly
Wage
Wage
Payment for work over shorter periods, by hours or days
Commission
Commission
Extra payment for providing additional services
Fixed income
Fixed income
Money received regularly without change over time
Variable income
Variable income
Money received where amount changes over time or situation
Occasional income
Occasional income
Money received from time to time, not regularly
Fixed expenses
Fixed expenses
Amounts spent that do not change over time
Budget
Budget
Plan to balance expenditure with income