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The cost incurred by companies to pay hourly employees.

Payment

A teacher's wage is how much they get paid hourly.

The new employee was not happy with the wage her empolyer gave her for a half day of work.

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Mandatory payments collected from individuals and corporations by a government.

Dues

Taxes on a new car will have to get payed.

After the customers the tax's on her new car it added $500 to the total.

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Income not spent and set aside for a future use.

Reduction

When the little girl got older she use her savings was used to buy a car

John took all his savings to the local car dealership and bought a new car that met all his expectations.

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The act of taking money out of the bank account

To take money

To buy some lunch the young college student made a withdrawal from the bank.

When Mallory made a withdraw from her checking account, she noticed that she only had a few hundred dollers left.

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cost a company incurs to generate revenue.

price

Expenses for the new bakery would be a high amount.

The cafe owner had little left from her income after paying her workers, the utilty bill, and other expenses.

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The monetary change for the privilege of borrowing money.

profit

The bank's recent increase in interest rates has made it more expensive to borrow money.

Abram had to decide on whether he wanted to pay interest on a new car loan or keep driving his old truck.

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Salary is a form of peritodic from an employer to an employee

Payment

A teachers salary is not that high.

A teacher salary is minimal compared that of a doctor

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An economic depression is a long period during which the economy does not grow and unemployed.

downturn

The 2020 depression during COVID made a big down fall because people couldn't work.

When the economy is in a depression, many people lose there jobs and money.

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A significant, widespread and prolonged downturn in economic activity.

Depression

Since the economy is in a recession people are losing there jobs.

It's a great time to buy a house because we are in a recession and prices are low.

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A sustained increase in the general price level

gain

Inflation on groceries has caused food to be more expencefe than it has been.

If inflation on groceries keep going up, I will have to learn how to grow a garden.