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Household income
| Question | Answer |
|---|---|
| What is income | The money goods or services a household receives |
| What is regular income | Money that is received periodically e.g every week |
| Joe Ryan is unemployed. State 2 examples of benifit-in-kind he might receive from the dept. Of social and family affairs | Job seekers allowance & child benifit |
| Give an example of a statutory and voluntary deductions | Statutory: Paye Voluntary: voluntary pension |
| How do employees benefit from PRSI | It goes towards job seekers allowance and pension |