Income

Beschreibung

Quiz on Income
Lauren Mcguane
Quiz von Lauren Mcguane, aktualisiert more than 1 year ago
Lauren Mcguane
Erstellt von Lauren Mcguane vor etwa 7 Jahre
12
1

Zusammenfassung der Ressource

Frage 1

Frage
What is income?
Antworten
  • Money you receive
  • Money you spend

Frage 2

Frage
What is a benefit in kind?
Antworten
  • Money income (cash)
  • non money income eg a company car

Frage 3

Frage
What is regular income?
Antworten
  • It is changeable income (it can differ)
  • It is income you are sure of receiving

Frage 4

Frage
What it additional income?
Antworten
  • income you are not sure you will receive.
  • fixed income, it never changes

Frage 5

Frage
What is pocket money?
Antworten
  • additional income
  • A small weekly sum of money given to children as an allowance.

Frage 6

Frage
Wjhat are wages?
Antworten
  • money received as a bonus
  • Is regular income for hours worked or number of goods produced.

Frage 7

Frage
What is a salary?
Antworten
  • Is regular income received for doing a job no matter how many hours you spend at it.
  • income that changes with the amount of hours spent at it

Frage 8

Frage
What is a Tax refund?
Antworten
  • Money back from the government when too much tax has been paid.
  • money you have to pay to the government (statutory deductions)

Frage 9

Frage
Family income support (FIS) is given to families on high income
Antworten
  • True
  • False

Frage 10

Frage
What is child benefit?
Antworten
  • Regular income received once a month from the government if you have children under the age of 16.
  • Regular income received from the government or a pension fund when you retire.

Frage 11

Frage
What is Social Welfare?
Antworten
  • Regular income receive weekly from the government if you are unable to work.
  • Addition income received when you invest money in the bank.

Frage 12

Frage
What is a Pension?
Antworten
  • Regular income received when you let out your house or a room in your house.
  • Regular income received from the government or a pension fund when you retire.

Frage 13

Frage
what is Interest on savings?
Antworten
  • money paid to the government.
  • Addition income received when you invest money in the bank.

Frage 14

Frage
What is inheritance?
Antworten
  • Additional income received from a relative or friend when they die.
  • Additional income calculated as a percentage of sales.

Frage 15

Frage
what is a gift?
Antworten
  • Additional income received when you have own part of a company and you receive a share of the profits.
  • Additional income received from a relative, friend or employer.

Frage 16

Frage
what are dividends on shares?
Antworten
  • Additional income received when you have own part of a company and you receive a share of the profits.
  • Additional income given for reaching certain targets.

Frage 17

Frage
Time rate is money per hours worked
Antworten
  • True
  • False

Frage 18

Frage
Getting paid per number of hours worked
Antworten
  • True
  • False

Frage 19

Frage
What is commission?
Antworten
  • Additional income calculated as a percentage of sales.
  • Regular weekly payment for normal hours worked.

Frage 20

Frage
What is a bonus?
Antworten
  • You have a choice if you want to take these out of your wages
  • Additional income given for reaching certain targets.

Frage 21

Frage
What is Basic pay?
Antworten
  • Additional payment for working over your normal hours.
  • Regular weekly payment for normal hours worked.

Frage 22

Frage
What is overtime?
Antworten
  • Basic pay + overtime after deductions
  • Additional payment for working over your normal hours.

Frage 23

Frage
What is Net wage? (take home pay)
Antworten
  • Basic pay + overtime after deductions
  • Basic Wage + Overtime before deductions

Frage 24

Frage
What is gross wage?
Antworten
  • Basic Wage + Overtime before deductions
  • wages after deductions (take home pay)

Frage 25

Frage
what are voluntary deductions?
Antworten
  • You do not have a choice these must be taken from your wages.
  • You have a choice if you want to take these out of your wages.

Frage 26

Frage
what are statutory deductions?
Antworten
  • You do not have a choice these must be taken from your wages.
  • money made from investing in a bank (Interest)

Frage 27

Frage
What are the consequential benefits of PAYE
Antworten
  • Old Age Pension
  • Use of national roads
  • Education in schools
  • Use of a public ward in the hospital

Frage 28

Frage
What are the consequential benefits of paying PRSI
Antworten
  • Old Age Pension
  • Unemployment Benefit
  • Use of national roads
  • Maternity Benefit
  • Sickness Benefit
  • Education in schools
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