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Income and Expenditure

By: wendy

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Employment is the work which a person does in order to earn money for survival. It involves the relationship between the employer and the employee. An employer is a person or a company which gives work to others for payment. An employee is a person who works for someone else or for an organization in return for payment. A self-employed person is a person who works independently for his or her customers or clients and not for an employer.

There is Tag Heuer Replica Watches a division of labour in every society. Some people do manual work, manual labour or physical labour by using their hands or physical strength rather than their minds. They are manual workers. Others do mental work and they are mental workers. There is also a distinction between a white-collar worker and a blue-collar worker.

The former is an office worker engaged in office work or white-collar work; while the latter is a person engaged in manual work, working with his or her hands. Profession is a type of job which requires special training and also brings a fairly high status, for example, the work connected with law, medicine, or education. Traditional professionals included doctors, lawyers and clergymen, who had long-term special training, won public respect and enjoyed high social status. This group of people are characterized with their service to the public and devotion to society. But they don't create material wealth. People summarize their spirit of service and devotion as altruism. However, in the past few decades, people were discontented with their professional services.

Thus they fell in public esteem. Meanwhile, there have appeared a host of new professionals such as administrators, educators, social workers, health-care workers, financial advisors and technicians. There is a tendency towards pluralism. A working woman is a lady who has a job which she is paid to do. A professional woman or career woman is a working woman who has a profession or a career and wishes to work and progress in her job until she retires.

Income is the most general word for the money received over a certain period of time, especially as payment for work like wage or salary, as receipts from trade, or as interest on investments. Regular income is a general word for the money an employer pays to an employee for the regular work or services he has done. Extra income is the additional money someone receives from their extra work, but not from their regular work. Regular income can be wage and salary. A wage is the amount of money which a person or a group of people are paid each week for a particular type of work that they do, usually in cash.

Wages are earned by wage-earners who generally do manual or unskilled work. Their wages are based on an hourly, daily or weekly rate or on a certain amount of work done. A living wage is a wage which is large enough to enable a person to IWC Replica Watches buy food, clothing, and other daily necessities. A salary is the money which someone is paid for their job each month, especially when they have a professional or other non-manual job. Salaried employees receive their salaries for their regular employment. Salaries are often paid directly into an employee's bank account, or by cheque. Professional , people and those who work in offices receive salary. The word "salary" comes from "salt", and it originally means "money for salt". In Chinese, the equivalent for "salary" is xinjin(f^jit), which originally means "money for firewood". Fee is the payment or charge to such people as private teachers, school examiners, doctors, lawyers, accountants and surveyors for their professional advice or services. Remuneration is a formal word for the payment or reward someone receives for their work or services. Reward is the money given to someone because they have behaved well, worked hard, or provided a service to the community.

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