Revenue, Income, Salary and Wage

by Didem Bayrak

 

Revenue:

The money that a government receives from taxes or that an organization, etc. receives from its business

Examples:

Ø  a shortfall in tax revenue

Ø  Advertising revenue finances the commercial television channels.

Ø  a slump in oil revenues

Ø  The company’s annual revenues rose by 30%.

 

Income:

The money that a person, a region, a country, etc. earns from work, from investing money, from business, etc.

Examples:

Ø  people on high/low incomes

Ø  a weekly disposable income (= the money that you have left to spend after tax, etc.) of £200

Ø  a rise in national income

Ø  They receive a proportion of their income from the sale of goods and services.

Ø  Tourism is a major source of income for the area.

Ø  higher/middle/lower income groups

 

Salary:

Money that employees receive for doing their job, especially professional employees or people working in an office, usually paid every month.

Examples:

Ø  an annual salary of $40 000

Ø  a 9% salary increase

Ø  She’s on a salary of £24 000.

Ø  (British English) He gets a basic salary plus commission.

Ø  (North American English) base salary

 

Wage:

A regular amount of money that you earn, usually every week, for work or services.

Examples:

Ø  wages of £200 a week

Ø  a weekly wage of £200

Ø  wage cuts

Ø  a wage increase of 3%

Ø  (British English) a wage rise of 3%

Ø  wage demands/claims/settlements

Ø  Wages are paid on Fridays.

Ø  There are extra benefits for people on low wages.

Ø  Tax and insurance are deducted from your wages.

Ø  The staff have agreed to a voluntary wage freeze (= a situation in which wages are not increased for a time).

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