Vocabulary Exercises with Answers | Money
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Exercise 3
Income: Complete the definitions with the following words:
- pension | maintenance | grant | interest | fee | pocket money | salary | wage | income | bonus
1. A is what you earn weekly.
2. A is what you earn monthly or annually.
3. Your annual salary plus any other money you earn in a year is your
4. A is paid to a professional for some work – a lawyer, for example.
5 is given by parents to children.
6. People who have retired receive a
7. is paid by a man to his ex-wife.
8. is extra money you receive monthly or annually if you keep money in the bank.
9. Some people receive a once a year if they have done a good job or if the company has had a good year.
10. A is money given to you to help you with your studies or to travel.
ANSWERS
1. A wage is what you earn weekly.
2. A salary is what you earn monthly or annually.
3. Your annual salary plus any other money you earn in a year is your income.
4. A fee is paid to a professional for some work – a lawyer, for example.
5 pocket money is given by parents to children.
6. People who have retired receive a pension.
7. maintenance is paid by a man to his ex-wife.
8. interest is extra money you receive monthly or annually if you keep money in the bank.
9. Some people receive a bonus once a year if they have done a good job or if the company has had a good year.
10. A grant is money given to you to help you with your studies or to travel.