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Question		Answer
Exorbitant start learning		Unreasonably high in price or cost.
Extortionate start learning		Excessively expensive or unfairly priced.
Insolvency start learning		Inability to meet financial obligations.
Welfare start learning		Government financial support for those in need.
Indirect taxes start learning		Taxes applied to goods and services.
Direct taxes start learning		Taxes paid directly to the government by individuals or firms.
Value Added Tax start learning		A consumption tax applied at each stage of production.
Tariff start learning		A tax on imported goods.
Excise duty start learning		A tax on specific goods such as alcohol or fuel.
Personal Income Tax start learning		Tax on an individual's earnings.
Corporate Income Tax start learning		Tax on a company's profits.
Civil Law Activities Tax start learning		A tax applied to certain legally regulated activities.
Progressive Tax start learning		A tax where the rate increases with income.
Regressive Tax start learning		A tax that takes a larger percentage from low‑income earners.
Flat Tax start learning		A single tax rate applied to all incomes.
Tax exile start learning		A person who relocates to avoid high taxes.
Impose tax start learning		To apply or enforce a tax.
Tax evasion start learning		Illegal avoidance of paying taxes owed.
Tax avoidance start learning		Legal strategies to reduce tax liability.
Tax break start learning		A reduction in taxes owed.
Abolish tax start learning		To eliminate a tax completely.
Tax exemption start learning		A rule allowing certain income to be free from tax.
Tax return start learning		A form filed to report income and calculate taxes owed.
to repossess start learning		when the mortgaged property is taken over by the bank
to recoup start learning		to recover, to get sth back
Wage start learning		Regular payment earned for work or services, typically paid hourly or weekly.
Salary / wage start learning		Fixed regular payment, typically paid monthly, often expressed annually.
Remuneration start learning		Overall compensation or payment received for employment or services rendered.
Overtime start learning		Time worked beyond regular hours, often paid at a higher rate.
Increment start learning		An increase in salary or wage, usually annually or based on performance.
Deduction start learning		An amount subtracted from gross pay, such as taxes or insurance.
Dock start learning		To reduce an employee’s pay as a penalty for lateness or misconduct.
Minimum wage start learning		The lowest wage legally permitted to be paid to a worker.
Pension plan start learning		A retirement savings plan funded by employer and/or employee contributions.
Advance start learning		A prepayment of wages or salary before it is due.
Sub start learning		Short for substitute; someone temporarily filling in for another.
Payslip start learning		A document showing an employee’s earnings and deductions for a pay period.
Bonus start learning		Extra payment given as a reward for performance or results.
Payroll start learning		The total of all employees’ wages, salaries, and bonuses within a company.
Rewards package start learning		The complete set of financial and non-financial rewards offered to an employee.
Weighting start learning		An additional amount added to salary based on geographic location or cost of living.
Leave entitlement start learning		The amount of paid leave (e.g., vacation, sick days) an employee is entitled to.
Income start learning		Money received for work or through investments.
Revenue start learning		Total income generated by a business before expenses are deducted.
Expenditure start learning		Money spent by an organization or individual.
Stock options start learning		A benefit allowing employees to buy company shares at a fixed price.
Incentive plan start learning		A structured plan offering financial or other rewards for achieving goals.
Rate start learning		A measure, quantity, or frequency, often used to set pay or price levels.
Redundancy start learning		Loss of employment due to job elimination rather than employee fault.
Redundancy pay start learning		Compensation paid to an employee who is made redundant.
Severance start learning		Payment made to an employee upon leaving a company, often after redundancy.
Discount start learning		A reduction in the usual price of goods or services.
Relocation allowance start learning		Allowance to cover moving expenses for a job relocation.
Danger money start learning		Extra pay for working in hazardous or dangerous conditions.
Gross start learning		Total earnings before taxes or deductions.
Net start learning		Earnings after all taxes and deductions are taken out.
Index-linked start learning		Adjusted according to inflation or a cost-of-living index.
Commensurate start learning		Corresponding in size or degree; proportionate.
In arrears start learning		Payment made after the work period it relates to.
Direct deposit start learning		Electronic transfer of wages directly into a bank account.
Performance related start learning		Pay or reward that depends on job performance or results.
Golden handshake start learning		A large payment to an employee upon leaving a company, usually after long service.
Golden handcuffs start learning		Financial incentives designed to keep an employee from leaving a company.
Contract of employment start learning		A legal document outlining the terms and conditions of employment.
For a definite/indefinite time start learning		Employment that lasts for a set period or indefinitely.
Contract of mandate start learning		An agreement to perform specific tasks without being employed full-time.
Contract to perform a specified task start learning		A contract to complete a specific project or deliverable.
Contract for substitution start learning		Agreement for one worker to temporarily replace another.
Trial period start learning		A probationary period during which an employee’s suitability is assessed.
To go above and beyond the call of duty start learning		To perform more than what is required by one’s job responsibilities.
To pull one’s own weight start learning		To do one’s fair share of work within a team or group.
Job description start learning		A detailed description of duties, responsibilities, and qualifications for a job.
Go into business start learning		To start working in business, usually self-employed or entrepreneurial.
Turnover start learning		Total sales or income generated by a business over a period.
Launch a career start learning		To begin a professional career, often in a chosen field.
To go under start learning		When a business fails or becomes bankrupt.
To set up a business start learning		To start a new business or company.
Take on start learning		To employ or hire staff; also to accept responsibility.
Business takes off start learning		When a business grows rapidly or becomes successful.
Manual labour / labor start learning		Work that requires physical effort rather than mental skill.

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