Where money comes from Lesson 5 of the adult life course of Mova's primary school: 18 sentences, each with its syntax tree and pragmatics. The lessons are written for Mova, and their agreed trees are part of Mova corpus 0.4 (CC BY-SA 4.0). How Mova does on its tests: the lesson at school .
0 Most of a family's money comes from pay for work, either wages by the hour or a salary for the year, arriving on payday. 1 Some comes from elsewhere: the government helps with benefits such as Universal Credit and child benefit, and sometimes money is left in a will or a bonus arrives. 2 Before pay reaches the bank, some is taken off as tax for the government, and some is put away into a pension for old age. 3 Picture a terraced house in Manchester on the last Friday of the month: Mum checks her phone, smiles "It's payday, let's get a takeaway", and the kids cheer, because all week the answer to treats was "wait till payday". 5 Wages are usually paid by the hour or the week, so more hours means more pay; a salary is a fixed amount for the year, split into monthly payments. 6 Payday is the day pay arrives in the bank, often once a month, so money is usually lowest just before it. 7 Many people are paid early in December, before Christmas, so January feels very long with the money already spent. 8 Pocket money is a small regular amount given to children to practise choosing, saving and making mistakes with money. 9 Some families pay children for extra jobs, like washing the car, but tidying your own room is just part of living together. 10 Benefits are money the government pays to people who need help, such as those out of work, ill, caring for someone or on low pay; Universal Credit is the main one in the UK. 11 Benefits are paid for by everyone's taxes as a safety net, and many families who work get some help too. 12 Child benefit is a small regular payment from the government to families with children, to help with things like shoes and food. 13 An inheritance is money or belongings left by someone who has died, as written in their will. 14 Income tax is money taken from earnings for the government; people who earn more pay more, but "half of it goes to the taxman" is usually an exaggeration. 15 Taxes pay for schools, the NHS, roads, police and benefits. 16 National Insurance is another amount taken from pay; paying it in during working life gives people the right to a state pension when they are old. 17 A pension is money saved during working life, often with the employer adding some, to live on after retiring; the state also pays a pension to most older people. 18 A bonus is extra money on top of normal pay, for doing well or because the company had a good year; it is not guaranteed. ← previous When work goes wrongnext → Paying for a home and the bills↑ back to Adult life This page in Markdown → https://md.mova.elamur.ai/free/en/corpora/school/adult-life/5-where-money-comes-from/