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Income

TermDefinition
Income Is money, goods or services received by a household
Regular Income This is money received on a continuous basis
Wages Income received based on the hours worked
Salary Income received for doing a job no matter how many hours you spend at it
Job Seekers Benefit Income received by people who are unemployed
Child Benefit Income received once a month from the government if you have children under the age of 16, or under 18 if they are still in full time education
Interest on saving Income received for saving money in a bank
Irregular income Is any extra income that you may receive
Bonuses Extra payments for employees who may have reached their targets
Dividends Money received by owners of shares.
Benefit in kind Non-money income received for work done
Statutory Deductions deductions that must, by law, be taken from gross wages.
PAYE Pay As You Earn
PRSI Pay Related Social Insurance
USC Universal Social Charge
Created by: PurpleBear
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