Revenue, Income, Salary and Wage
by Didem Bayrak
The money that a government receives from taxes or that an organization, etc. receives from its business
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%.
The money that a person, a region, a country, etc. earns from work, from investing money, from business, etc.
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
Money that employees receive for doing their job, especially professional employees or people working in an office, usually paid every month.
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
A regular amount of money that you earn, usually every week, for work or services.
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).