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Definition: The cost incurred by companies to pay hourly employees .

Synonym : payment

A teachers wage can come from how long they work .

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

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definition ; Mandatory payments collected from individuals and cooperation by a government entity to fund a government activity .

Synonym : toll, tariff.

Taxes on a new car has risen over time because of inflation .

After the customer pay the taxes on her new car, it added five hundred dollars to the total .

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Income not used or saved for future use.

cutting back

The little girls saving are going toward her new bike .

John took all of 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 a bank account .

remove

Why did the young collage student made a withdraw?

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

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Definition : Cost a company incurs to generate revenue .

The expenses from the new bakery include, baking ingredients,cooking supplies, etc.

After paying her workers, the utility bill, and other expenses, the cafe owner had a little left from her income .

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Definition :The monetary charge for the privilege of borrowing money .

Profit, tax,tariff

Interest on a car loan is often high.

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

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Definition: a sustained increase in price .

increase

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

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An economic depression over a long period of time.

Slump,downturn

The 2020 depression during COVID was the biggest one in years .

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

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definition: A significant, widespread and prolonged downturn in economic activity.

synonym :slump

Since the economy is in recession lots of people are unemployed.

It is a great time to buy a house because we are ina recession and prices are low.

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definition: salary is a form of periodic payment from a employee to an employer .

income

A teachers salary is not a lot.

A teachers salary is minimal compared to that of a doctor.