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JC Bus.Chapter 1

Household Income

TermDefinition
Income The money received by a household
Regular Income Income received every week, month such as wages
Irregular Income Income received now and then : overtime
Benefit in Kind A non cash form of income: Company car
Overtime The extra hours a person works in a day after completing their normal working hours.
Child Benefit A payment made every month to the parents or guardians of children while they are still in education. Paid by the Department of Education and Skills
Grant A payment made to students while they are studying at college. Paid by the Government
Job-seeker's Benefit A weekly payment made to unemployed people. Paid by the Department of Social Protection
Salary Annual income received by an employed person
Pension Money that a retired person receives from the goverment
Created by: ffarrelly
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